'Largest cost transformation' in Comcast's history will save billions, says CFO
Comcast has sparked a plan to transform its cost structure and the overall business in a way that will save billions of dollars and enable Comcast to redirect those funds toward growth initiatives, CFO Jason Armstrong revealed at the Goldman Sachs Communacopia + Technology Conference. "We embarked earlier this month on the largest cost transformation in the company's history. This will be billions of dollars in costs," he said. "I frame it [as] more of a transformation. It's not a budget exercise.