Comcast Loses 134,000 TV Subscribers as Cord Cutting Continues Comcast's third quarter earnings report indicates that while the company managed to add 214,000 broadband subscribers last quarter, the company lost 134,000 traditional TV subscribers as the cord cutting phenomenon the industry used to claim didn't exist continues to accelerate. Comcast's earnings indicated that the company continues to see a decline in customers that bundle two or three services, and a notable spike in users interested in standalone broadband. Double and triple play users dropped by 79,000 since June to 9.919 million, while single-play customers increased by 125,000 to 8.055 million.

That's not a trend that's going to be changing anytime soon, as more users ditch cable telephony and TV services to counter the cable and broadcast industry's mindless and relentless TV price hikes. CEO Brian Roberts tried to downplay the threat of cord cutting by arguing that whether we're talking about traditional TV or streaming, NBC gets paid either way. “The utility of broadband to the consumer is going up every year,” Roberts said. “People are relying on the speed and the wifi coverage and the video -- whether it’s our video or some other video. Consumption has never been higher. NBC gets paid for a lot of that video consumption in different ways.” Roberts is also confident because he and other Comcast executives know they have a Roberts is also confident because he and other Comcast executives know they have a growing monopoly over broadband services thanks to telcos that are unwilling to seriously upgrade their networks at any real scale. That lack of competition has allowed Comcast to not only sock customers with misleading fees without any real competition, but impose arbitrary and unnecessary usage caps and overage fees the company can use to both hamstring -- and cash in on -- competing streaming services.







News Jump Charter Relaunches Free 60-day Internet And Wi-Fi Offer; NCTA: FCC Should Stick With 25/3 Speed Threshold; + more news Comcast Shuts Off Internet for Subs Who Were Sold Service Illegally; AT&T, Verizon Team To Stop T-Mobile 5G; + more news California Defends Its Net Neutrality Law; AT&T's Traffic Up 20% Despite Data Traffic Actually Being Down; + more news Are The Comcast-Charter X1 Talks Dead In The Water?; AT&T May Offer Phone Plans With Ads For Discounts; + more news Europe's Top Court: Net Neutrality Rules Bar Zero Rating; ViacomCBS To Rebrand CBS All Access As Paramount+; + more news Verizon To Buy Reseller TracFone For $7B; 5G Not The Competitive Threat To Cable Many Thought It Would Be; + more news MS.Wants Records From AT&T On $300M Project; Google Fiber Outages In Austin, Houston, Other Texan Cities; + more news States With The Biggest Decreases In Speed; AT&T Hopes You'll Forget Its Fight Against Accurate Maps; + more news AT&T's CEO Has A Familiar $olution To US Broadband Woes; EarthLink Files Suit Against Charter; + more news 5G Doesn't Live Up To Hype, AT&T's 5G Slower Than Its 4G; Cord-Cutting Now In 37% of Broadband Households; + more news ---------------------- this week last week most discussed

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Elmo

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Orange, CA 3 recommendations maartena Premium Member Sports....

Cable Company: You are not going anywhere. And if you do, you will be going to our overpriced competition.

Customer: Oh yeah? Give me one reason why I should not cancel right now?

Cable Company: We have your favorite sports team.

Customer: Shut up and take my money... Customer: Another price increase? I need to start thinking about cancelling.Cable Company: You are not going anywhere. And if you do, you will be going to our overpriced competition.Customer: Oh yeah? Give me one reason why I should not cancel right now?Cable Company: We have your favorite sports team.Customer: Shut up and take my money...