Comcast is bracing to lose 750,000 TV subscribers in the second quarter, nearly 4% of the total, based on comments from Comcast CFO Mike Cavanagh this week. It’s a sign that the economic downturn has drastically accelerated TV cord-cutting as people shift to cheaper TV services like streaming. In the first quarter, Comcast lost 388,000 video subscriber losses, an increase of 3.6 times from a...
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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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