Comcast Revenues Skyrocket in Second Quarter

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.

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Comcast Today: Merger Isn’t Getting Public Support

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:

Screen Shot 2014-06-24 at 11.28.12 AM

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Comcast Today: Entire Tech Industry Opposes Merger

Looks like the entire tech industry has come out against Comcast’s merger with Time Warner. That’s interesting. Also interesting? Comcast says it won’t abide by “Open Internet” rules after the terms of its NBCUniversal merger expire in 2018. Lots of stuff to chew on today.

Read on….

Industry trade group the Computer & Communications Industry Assn. is urging federal regulators to block the proposed $45 billion merger of Comcast and Time Warner Cable, concluding that it would give the combined company “even more ability to successfully harm competition and innovation in the greater Internet ecosystem.” The group’s opposition was revealed in a letter made public on Monday by Sen. Al Franken (D-Minn.), the most visible congressional critic of the transaction. He had sought out its opinion and has highlighted the issue in congressional hearings and during his re-election campaign. The trade association includes Google, Samsung, Microsoft, Facebook, eBay, Sprint, T-Mobile, Motorola, Dish, Aereo, Pandora and TiVo. (Variety)

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