Illustration by Alex Castro / The Verge
If you’re a Comcast cable subscriber, get ready to pay more. The company said on Thursday that rate “adjustments” are planned for 2020, as cable customers continue to shed their bundled cable / internet packages in favor of streaming channels.
The company’s cable division continued to lose subscribers at a faster rate than expected in the fourth quarter, even though those losses slowed somewhat from a year ago. But the company is still ahead of Wall Street’s expectations. Even though Comcast’s fourth quarter results were dinged by lost cable subscribers and a terrible box office for the movie Cats, the company continued to add broadband subscribers, pushing its profits up 26 percent.
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Author: Kim Lyons