Welcome to the cable news roundup, T.G.I.F. edition.
When Google (Nasdaq: GOOG) launches the next version of Google TV, don't expect Logitech Ltd. to raise its hand again. It might have a different sort of gesture in mind after Logitech took a bath on Google's much-maligned first attempt at trying to change how people use the boob-tube. Logitech has "no plans to introduce another box to replace Revue," company CEO Geurrino De Luca said this week at the company's analyst and investor day. He estimates that the Google TV misstep and Logitech's own mistakes overseas cost it "well over $100 million in operating profits." (See Google TV's Refresh and Google TV Stumbles Out of the Blocks .)
Comcast Corp. (Nasdaq: CMCSA, CMCSK) still has no plans to deliver subscription video services over the top outside its traditional cable footprint in part because the economics just don't add up, company CFO Michael Angelakis said at an SNL Kagan event. Comcast, which saw video sub losses slow in the third quarter, intends to concentrate on expanding its base in existing cable systems where upgrades have already been made and trying to parry the effects of the bad economy by continuing tests of lower-priced subscription TV tiers. (See Comcast Won't Go Over the Top.)
Angelakis also confirmed that Comcast has no intention of plowing more cash into Clearwire LLC (Nasdaq: CLWR), dispelling a rumor that circulated in August. He also took at least one option off the table regarding what the MSO might do with its Advanced Wireless Services (AWS) spectrum. "We have no desire to own a wireless network," he said. (See Cable May Plow More Cash Into Clearwire .)