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inciter
Noobie
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join:2000-08-30
Rohnert Park, CA

reply to jagged

Re: [Cable] That time again! Comcast to raise rate

said by jagged:

didn't Comcast post some amazing profits not too long ago?
Top US cable operator Comcast Corp has posted a 64 per cent rise in second-quarter net income, boosted by new digital video products such as digital video recorders.

Growth in digital video subscriptions was well above expectations, overshadowing slower growth in high-speed internet subscribers.

Cable operators like Comcast are betting on new digital video services to counter phone companies, which are aggressively adding video services. At the same time, satellite operators are selling cheaper television service and digital video recorders.

Comcast said net profit rose to $US430 million ($A563 million), or 19 US cents per share, from $US262 million, or 12 US cents per share, a year earlier.

Revenue rose 10.5 per cent to $US5.6 billion.
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