Comcast's Profits Rise; Video Subs Fall

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Comcast's Profits Rise; Video Subs Fall
By Swanni

Washington, D.C. (May 2, 2012) -- Comcast announced today that its first quarter profit rose 30 percent thanks in part to advertising fees collected from NBC's broadcast of the Super Bowl and a continued rise in Broadband customers.

The cable operator, which has had difficulty keeping video subscribers on board, lost 37,000 video customers in the first quarter. However, the losses show a marked improvement on previous quarters when the losses were far greater. Comcast has lost approximately 1.6 million video subs over the last two and a half years, but still has more than 22 million.

The cable operator said it added 439,000 Broadband subs in the first quarter, a five percent increase over last year's first quarter result. Voice subs fell 37 percent from last year.

NBC, which is now owned by Comcast, registered the company's biggest growth with revenues rising 18 percent.
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Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.

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