Is Comcast’s success truly tied to the nation’s unemployment figure?
By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): Call me a tightwad. Call me un-hip. Just don’t call me a cable subscriber. I am fed up with the programming being forced into my house through that innocent-looking wire. It is ironic my colleagues and I were discussing our issues with Comcast (NASDA:CMCSA) and its various products this morning. While not all views were negative, I revealed the seemingly anti-American news that I would no longer be a cable subscriber after tomorrow. I am using the switch to digital TV as an opportunity to scribble out yet another monthly bill and strap up a pair of rabbit ears. According to the company’s latest financial results, I am in the majority. A surprising number of folks are using the “DTV Transition” as an excuse to plug their TVs into Comcast’s media network. The unemployed need something to do After adding 247,000 digital cable customers in the fourth quarter of 2008, Comcast boosted its subscriber base by another 288,000 househol
