Comcast Stems Cord-Cutting Tide With 24,000 New Subscribers

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Comcast Stems Cord-Cutting Tide With 24,000 New Subscribers

Comcast Stems Cord-Cutting Tide With 24,000 New Subscribers

The Comcast financial juggernaut continued this winter. The largest U.S. cable operator added 24,000 new video customers to start 2014, which marked the second-consecutive quarter of growth after a 6 1/2-year stretch of cable-TV subscriber losses.

Comcast's quarterly sales and income both topped Wall Street forecasts. The company has credited much of the reversal in the video business to its X1 video platform, an Internet-based system designed to make channel navigation far simpler and more intuitive than past cable boxes. On April 22, Comcast officials said that it distributes between 15,000 and 20,000 new x1 boxes to Subscribers each day. Read more...

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