Saturday

Cord Cutting Continues At Comcast

Comcast users are giving a pretty stark indication of the growth in the number of "cord cutters" - those of us who eschew traditional cable TV for streaming services like Netflix and Hulu. By a small margin, Comcast now has more broadband Internet customers than cable TV customers.
Although Comcast cable is raking in more cash than its Internet division -- recorded at $5.4 billion as opposed to broadband's $3.1 billion -- the company actually lost 69,000 cable customers and gained 180,000 high-speed Internet subscribers in the second quarter of 2015.
As this cord cutting trend continues, I'm sure the cable companies will find creative ways to screw us optimize the balance sheet back in their favor.


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