Comcast Corp., the U.S. cable company awaiting approval to acquire Time Warner Cable Inc., reported fourth-quarter profit that missed estimates after signing up fewer television and Internet customers than a year earlier.
The company is trying to add broadband customers as the number of people signing up for TV packages slows. More video programming is being offered through online services, such as Netflix and Amazon, prompting consumers to cancel their TV packages.
via Comcast’s Earnings Miss Estimates as Subscriber Growth Slows – Bloomberg Business.