It’s good to be the king.
Philly-based Comcast brought in $16.8 billion in revenues during the second quarter of 2014, a 3.5 percent increase over 2013. It did so even though it lost 144,000 cable subscribers nationwide during the quarter — a number offset by the addition 203,000 high-speed Internet subscribers and a 22 percent increase in the company’s increasingly important “business services” offerings.
The company generated 76 cents of earnings per share, compared to 65 cents per share a year ago.
We’ve told you before how New York State could upend the Comcast-Time Warner merger all on its own. Now we’re seeing how the Empire State could leverage its power.
There’s not been much news on the Comcast-Time Warner merger front lately, but the FCC — which must approve the merger, and will decide the conditions under which it will be approved — is getting thousands of comments from the public.
And if a dip into those comments by Philly Mag is any indication, those comments are almost overwhelmingly negative.
In recent days, many of the comments posted — they’re available for viewing online at the FCC’s website — appear to have been part of an orchestrated campaign by RFD-TV, a rural cable channel whose devoted viewers believe they’d be abandoned in a Comcast-dominated world. (Comcast’s failure to carry RFD was at the center of Rep. Louie Gohmert’s grilling of Comcast VP David Cohen during a congressional hearing this spring.)
Some RFD-related comments:
Virginia’s BH Hubbard:
Comcast is about to do the most Red State-ish thing possible, and start sponsoring NASCAR.
Not a team. More like … the sport itself. A large chunk of it, at least. The minor leagues, essentially.
30 Rock, the iconic New York City building that has spent the last 50 years emblazoned with corporate initials — RCA, then GE — is about to get a new brand: Big, glowing neon lights that will shout “COMCAST” to the Big Apple sky.
This is funny for two reasons.
Comcast’s plan to turn your home’s private router into a public hotspot is gaining more attention. And because it’s Comcast, not all of it is positive: