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Comcast Net Rises 4.7 Percent; TV Subscriber Losses Slow

Published on November 2, 2011
by Matt Jarzemsky

Comcast Corp.’s third-quarter profit rose 4.7 percent as it slowed defections in pay-TV subscribers for the fourth straight quarter.

The largest U.S. cable operator and its peers have struggled with stalling industry-wide growth in pay-TV subscribers as consumers cut back on services and the weak housing market means fewer people signing up for services when they move into a new place. Comcast, though, has improved its TV customer retention of late while also accelerating growth in broadband subscribers.

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