Comcast Reports Mixed Q1 as Video Subs Losses Exceed Expectations
Comcast continued to chip away at video subscriber losses, shedding 37,000 cable customers in the first quarter, a slight improvement over the prior year, but short of some estimates from analysts who expected a more dramatic showing.
Comcast has significantly reduced video customer losses in the past 18 months, losing 40% fewer TV customers in 2011 than in the prior year. And though its losses continued to improve in the first quarter - it lost about 39,000 basic video customers in the same period in 2011 -- analysts had expected the nation's largest cable operator to shed between 18,000 and 25,000 video subscribers.
In a research note, Sanford Bernstein cable and satellite analyst Craig Moffett said that because of big improvements in video losses in 2011, some investors were expecting a positive video subscriber showing at least for the first quarter.
Click here to read the full story at Multichannel News.
The smarter way to stay on top of broadcasting and cable industry. Sign up below