Despite Ratings Drop, Olympics Boosts Comcast In 3q

NEW YORK (AP) — Comcast's profit rose 12 percent in the July-September quarter thanks to the Olympics and the first third-quarter gains in video subscribers in a decade. The cable giant has been winning back video subscribers despite an overall drop in the number of people who pay for traditional TV. There has also been a trend toward smaller audiences, even for big sporting events like NFL football and the Olympics. Analysts also say it has been winning customers from some competitors like Dish and AT&T's U-verse TV service, since the telecom giant is now focused on DirecTV instead.

Topics:  york ap     comcast   july-september   nfl   analysts   dish   at&t's u-verse tv   directv   olympics   tv   drop   video   subscribers   giant   winning   

 

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