Point Topic Ltd. says the price per megabit on fixed-line broadband continued to fall from the fourth quarter of 2009 to the first quarter of 2011, led by a 40 percent-plus drop in Latin America and a 35 percent decrease in North America. The study suggests that pricing is heading downward in regions where operators originally enjoyed high margins or had been forced to cut pricing because they were "significantly out of step" with rival offers.
Cox Communications Inc. is raising rates for basic cable in Hampton Roads, Va., by 20 percent and jacking fees for HD set-tops by 45 percent -- its second rate hike in less than a year.
Comcast's NBCUniversal LLC sealed a $1 billion deal to take full ownership of two Universal Studios theme parks in Florida.
The International Olympic Committee is expected to announce the winner of an auction for the 2014 Olympics Tuesday, after receiving bids this morning from Comcast, Fox and ESPN parent Walt Disney Co. (NYSE: DIS).