Comcast Is Working On New Ways To Charge Internet Users More
The reason is simple. Comcast currently takes in more revenue from video customers than from Internet customers, but that’s not likely to be true forever. A small but growing number of consumers are skipping cable subscriptions as hours spent watching video shifts online. So finding a way to charge for heavier Internet use could bolster Comcast’s revenue as the ranks of its cable customers shrink. For instance, the company lost 48,000 cable customers in its just-reported third quarter while adding 320,000 Internet customers. Revenue rose 8.3 percent to $18.7 billion in the July-September period, while net income dropped 23 percent to $2 billion because of a tax gain from last year. – Tali Arbel, Associated Press via HuffPost Science & Tech
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