Comcast stock drops as investors balk at weakness in broadband

Comcast stock drops as investors balk at weakness in broadband

Comcast on Thursday outlined changes to its broadband strategy as the business continues to shed customers in the face of heightened competition. The discussion came amid the company’s first-quarter earnings call with investors. Despite the customers losses, Comcast’s earnings surpassed analysts’ expectations. Comcast shares closed down nearly 4% Thursday. Here …

Read more

Comcast to spin off cable networks as subscribers flee the bundle

Comcast to spin off cable networks as subscribers flee the bundle

Brian Roberts, CEO, Comcast, speaks with Jim Cramer, on CNBC’s “Mad Money” from Philadelphia, September 6, 2018. David A. Grogan | CNBC Comcast is moving forward with the spinoff of its cable network channels, including CNBC, MSNBC and E!, the company said Wednesday. The announcement comes weeks after Comcast executives …

Read more