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Comcast Excited To Have Lost 4,000 TV Subscribers This Spring (consumerist.com)

Posted by BeauHD on from the could-always-be-worse dept.

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."

3 of 68 comments (clear)

  1. We call this Wall Street-ese... by __aaclcg7560 · · Score: 3, Insightful

    A high-flying stock missed the quarterly earnings by a penny per share and the share price plunged 50% in after market trading.

    Translation: Stock analysts are dicks.

  2. Numbers are easy to manipulate by Cristofori42 · · Score: 4, Insightful

    They pretty much force the TV subscription on you these days. They pretty much forced a TV subscription on me even though I'm an Internet-only user since it's actually cheaper to have the cable package than the Internet package alone. I haven't even opened the cable box they sent me.

    --
    "Is that dad? Either that or Batman's really let himself go."
    1. Re:Numbers are easy to manipulate by Anonymous Coward · · Score: 2, Insightful

      I guess I am missing something, but 79 certainly seems cheaper that 89. That's how they get you, you say hey the cost for two is 45 each, but the cost for one is 79, so two is a better deal. This is NOT CORRECT. That 10 dollar package is likely furthermore just to local over the air plus some shitty religious channels anyway. Maybe QVC so you can spend even more money on things you don't need.

      Do yourself a favor, and drop the TV, yeah paying $79 just for internet blows, however there are some fun things that go along with this, there is no TV 'fees' there is no tax on internet only accounts, and you are still saving $120 / year. All around wins.

      Fuck cable.