Comcast shows resilience to economic downturn

Iria · Oct 30, 2008, 05:30 AM

In addition to the phone companies, so far it looks like cable operators are also in good shape to weather the current economic downturn.

On Thursday, Comcast, the largest cable operator in the U.S., reported solid earnings for the third quarter of 2008. The company's net income for the third quarter rose 38 percent to $771 million compared with the same period a year ago. Revenue was up 10 percent to $8.55 billion.
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Source: Digital Media

Oct 30, 2008, 05:30 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Comcast shows resilience to economic downturn In addition to the phone companies, so far it looks like cable operators are also in good shape to weather the current economic downturn. On Thursday, Comcast, the largest cable operator in the U.S., reported solid earnings for the third quarter of 2008. The company's net income for the third quarter rose 38 percent to $771 million compared with the same period a year ago. Revenue was up 10 percent to $8.55 billion. ____________ Source: Digital Media