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An anonymous reader quotes a report from Ars Technica: Comcast's cable division spent 3 percent less on capital expenditures last year, despite promises that the repeal of net neutrality rules would boost broadband network investment. Comcast's cable division spent $7.95 billion on capital expenditures during calendar year 2017, but that fell to $7.72 billion in the 12 months ending on December 31, 2018. Comcast's overall capital expenditures went up 2.3 percent, from $9.6 billion in 2017 to $9.8 billion in 2018. But that company-wide capital expenditure number includes the Comcast-owned NBCUniversal, which spent $1.7 billion in 2018, a 15.2 percent increase, "primarily reflecting investment at Theme Parks," Comcast said.

The cable capital expenditure statistic thus provides a more accurate picture of whether Comcast increased or decreased investment in its broadband network. Cable capital expenditures as a percentage of Comcast's cable revenue dropped from 15 percent in 2017 to 14 percent in 2018. Comcast's network spending should have risen in 2018 if predictions from Federal Communications Commission Chairman Ajit Pai and Comcast had been correct. Pai's net neutrality repeal took effect in June 2018. But the vote to repeal net neutrality rules was in December 2017, and Pai claimed in February 2018 that the repeal was already causing increased broadband investment. While Comcast's cable capital expenditures did rise year over year in the fourth quarter, from $2.15 billion to $2.32 billion, it wasn't enough to offset the full-year decline. Ars Technology also notes: "The corporate tax cut implemented as 2018 began also didn't stop job cuts at Comcast and AT&T, despite promises that the tax cut would create new jobs."

Comcast is reportedly preparing an offer to buy major portions of 21st Century Fox, which would give it majority control of Hulu and other media properties. Ars Technica reports: Walt Disney Company already has a $52.4 billion all-stock deal to buy the 21st Century Fox properties. But Comcast was rumored to be lining up $60 billion in financing in order to make a hostile bid for the Fox assets, and Comcast's announcement today confirms it. Comcast "is considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney," Comcast's announcement said. Comcast is working on the offer in preparation for shareholder meetings in which the Disney/Fox deal will be considered.

The Fox properties for sale do not include assets such as the Fox News Channel, Fox Business Network, and Fox Broadcasting Company. Those properties would be spun off into a company being referred to as "New Fox," and Comcast would acquire 21st Century Fox after the spinoff. The Fox sale to either Disney or Comcast would include 21st Century Fox's film and television studios; cable entertainment networks; the Fox Sports Regional Networks; and international properties including Star in India and Fox's 39-percent ownership of Sky across Europe. The sale would also include Fox's 30-percent stake in Hulu, the popular online video streaming service. Comcast already owns 30 percent of Hulu, so a deal with Fox would give the nation's largest cable company majority control over the online video provider.

An anonymous reader quotes a report from Motherboard: Comcast issued a statement last week claiming that the government's new tax plan and the end of net neutrality will directly result in a dramatic spike in Comcast's network investment and job creation plans. If you look at Comcast's capital investments over the past 12 months and calculate continued investment growth at current rates -- you'll find that Comcast was already on pace to spend more than $50 billion on investment over the next five years.

Journalists that could be bothered to take a closer look at Comcast's earnings discovered that the company's promise of $50 billion in investment over five years is something that would have occurred regardless of the net neutrality repeal or Comcast's shiny new tax cut. "In Q3 2017, the most recent quarter, Comcast's capital expenditures were $2.4 billion," noted Ars Technica's Jon Brodkin. "Continuing to spend at that rate, even if Comcast doesn't increase spending to account for inflation, would push Comcast to $9.6 billion a year or $48 billion over the next five years." Indeed; if you look at Comcast's capital investments over the past 12 months and calculate continued investment growth at current rates -- you'll find that Comcast was already on pace to spend more than $50 billion on investment over the next five years.

An anonymous reader writes from a report via The Consumerist: Comcast has released their second quarter results and they are happy to announce that they lost 4,000 TV subscribers in the last three months. Why are they so happy to announce such a loss? Because, compared to the same time last year where they lost 69,000 TV subscribers, the loss this year is much better for them. Comcast said in a statement to investors that "video customers net losses improved to 4,000, the best second quarter result in over 10 years." That Consumerist reports: "That means that for the most than a decade, the best Comcast can do in April to June of every year is to lose only 4,000 TV subscribers. At this time last year, Comcast reported 22.3 million TV subscribers, and at the same time this year, they report roughly 22.3 million TV subscribers. The major driver of increased subscriptions comes, as you'd guess, from broadband. Comcast reports an increase of 220,000 broadband customers in the second quarter which, in the overall growth of the company, entirely offsets a lost of 4,000 TV viewers."

An anonymous reader writes from a report via The Consumerist: Comcast has released their second quarter results and they are happy to announce that they lost 4,000 TV subscribers in the last three months. Why are they so happy to announce such a loss? Because, compared to the same time last year where they lost 69,000 TV subscribers, the loss this year is much better for them. Comcast said in a statement to investors that "video customers net losses improved to 4,000, the best second quarter result in over 10 years." That Consumerist reports: "That means that for the most than a decade, the best Comcast can do in April to June of every year is to lose only 4,000 TV subscribers. At this time last year, Comcast reported 22.3 million TV subscribers, and at the same time this year, they report roughly 22.3 million TV subscribers. The major driver of increased subscriptions comes, as you'd guess, from broadband. Comcast reports an increase of 220,000 broadband customers in the second quarter which, in the overall growth of the company, entirely offsets a lost of 4,000 TV viewers."

An anonymous reader writes: You want to hear a staggering statistic? Netflix has more than twice as many U.S. subscribers as Comcast. Netflix USA writes, "According to [Comcast's] Q4 report, Comcast ended 2015 with 22,347,000 video subscribers. Netflix's own shareholder report listed their U.S. membership base at 44,740,000 strong. That's 100.2% more than Comcast -- a staggering statistic." It's impressive to see how quick the Netflix subscriber base has grown just in the past five years from around 20 million subscribers to nearly 45 million subscribers. What's also interesting to reflect on is the two different business models. Netflix USA writes, "Netflix makes its money off of a lot of subscribers paying about $10 a month each, while Comcast charges far fewer customers far more."