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COMCAST CORPORATION

(CMCSA)
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Comcast : Nielsen CEO defends company amid escalating criticism from TV industry

09/10/2021 | 03:09pm EDT
FILE PHOTO: Annual Allen and Co. Sun Valley media conference in Sun Valley

(This Sept. 9 story corrects 4th paragraph to make it "$60 billion" instead of "$60 million," changes first paragraph to clarify time frame)

By Helen Coster

(Reuters) - Nielsen's chief executive defended the company Thursday, as the ratings behemoth comes under renewed fire from the TV industry and faces questions about the accuracy of a system through which at least $60 billion of advertising is bought and sold a year.

"We haven't been perfect," CEO David Kenny wrote in a letter to the industry. "We also understand that we need to move faster in advancing our measurement because the audience itself is moving faster."

Nielsen is facing escalating criticism from its TV industry clients, many of which say it has insufficiently captured consumers' shift from traditional TV to streaming. Nielsen measures TV audiences through a sample set of panelists who use special devices in their homes.

TV ratings are the backbone of the industry's business model - enabling advertisers to learn how many people are watching their ads and helping networks set the price for those slots. This year advertisers are expected to spend almost $60 billion on TV ads, according to forecaster Zenith, increasing to $63 million next year.

In April the trade group representing the major television networks said Nielsen undercounted TV viewers during the pandemic when the company's technicians were not able to get into panelists' homes to fix devices. That charge was later confirmed by the Media Ratings Council, which enforces measurement standards in media.

On Sept. 1, the council announced it was suspending Nielsen's accreditation, a move that does not immediately affect Nielsen's business, but hurts its credibility.

At least one media company is publicly seeking an alternative to relying solely on Nielsen. Comcast Corp-owned NBCUniversal recently announced it is developing its own audience measurement system and is evaluating proposals from more than 80 companies, including Nielsen, to help "modernize the industry's approach."

(Reporting by Helen Coster; editing by Jonathan Oatis)


ę Reuters 2021
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Financials (USD)
Sales 2021 115 B - -
Net income 2021 13 321 M - -
Net Debt 2021 87 879 M - -
P/E ratio 2021 18,7x
Yield 2021 1,84%
Capitalization 247 B 247 B -
EV / Sales 2021 2,90x
EV / Sales 2022 2,70x
Nbr of Employees 168 000
Free-Float 83,2%
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Number of Analysts 36
Last Close Price 53,76 $
Average target price 66,71 $
Spread / Average Target 24,1%
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Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
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