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Comcast Braces for Much Higher Cord Cutting in Second Quarter

By Martin Peers
· · Source: The Information

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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