Cord Cutters in Retreat? Comcast Gained Video Subscribers Last Quarter

First gain in six-and-a-half years.

AP reports that Comcast added 43,000 video subscribers in the fourth quarter of 2013—the first quarterly gain in six-and-a-half years, all part of its increasingly likely plan to eventually become the Company That Provides The Matrix To You. “Net income in the three months through December rose 26 percent to $1.91 billion, or 72 cents per share, from $1.52 billion, or 56 cents per share a year ago. However, the increase was partly due to a one-time tax windfall of $158 million. …. Revenue rose 6 percent to $16.93 billion, beating the $16.65 billion expected by analysts.” That’s why they’re building a giant middle finger for the Philly skyline—and, little-known secret, they’re building it entirely out of crisp $100 bills. 

 

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