Comcast Net Rises 4.7 Percent; TV Subscriber Losses Slow
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.
