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Cord Cutting is Hitting Comcast Harder Than Ever

posted by mrpg on Saturday February 04, @02:11PM   
from the apathy-isn't-a-business-model dept.

upstart writes:

Cord Cutting Is Hitting Comcast Harder Than Ever:

For a while there, everybody's least favorite cable company, Comcast, was weathering the cord cutting revolution fairly well. The company's losses on the cable TV side could simply be recouped over on its broadband side, where a monopoly protected it from having to actually, you know, try.

Things have shifted. Last year, Comcast saw a record 11 percent of its customer base cancel their Comcast cable service in favor of streaming video, over the air broadcasts, or free services like TikTok. And the company lost lost 440,000 traditional video customers in the fourth quarter of 2022 alone, a big bump over the 227,000 customers it lost in the last three months of 2021.

[...] At this rate Comcast may, someday in the not so distant future, be required to actually try.

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Original Submission

• That explains it That explains it (Score: 4, Insightful) by EEMac on Saturday February 04, @02:56PM (4 children)

  by EEMac (6423) on Saturday February 04, @02:56PM (#1290238)

  Well, that explains why my Comcast commercial internet went from $65/month to $150/month for the same service.

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• Re:That explains it Re:That explains it (Score: 1, Interesting) by Anonymous Coward on Saturday February 04, @03:19PM (2 children)

  by Anonymous Coward on Saturday February 04, @03:19PM (#1290239)

  Wonder how much of it is paying for NSA to spy on you... After all seems Huawei can spy on you for a lot cheaper. I guess NSA spying costs more... 😉

  Parent

  • Re:That explains it Re:That explains it (Score: 2) by Opportunist on Saturday February 04, @04:06PM (1 child)

    by Opportunist (5545) on Saturday February 04, @04:06PM (#1290247)

    Well, outsourcing work to China is always cheaper.

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    • Re:That explains it (Score: 2) by RS3 on Saturday February 04, @06:04PM

      by RS3 (6367) on Saturday February 04, @06:04PM (#1290280)

      Ah, so that explains the Chinese "weather" balloons...

      Parent

• Re:That explains it (Score: 3, Insightful) by SomeGuy on Saturday February 04, @09:13PM

  by SomeGuy (5632) on Saturday February 04, @09:13PM (#1290295)

  So what is the price for Comcast cable now anyway? I recently read some comment somewhere where someone said they were paying more than $200 a month, but didn't say exactly what service(s).

  Me, I have small CRT TV with a digital converter box and a pair of bunny ears. It's the same amount of nothing on, but at no monthly cost.

  I got fed up with Comcast a long, long, long, time ago. Back then it was a constant circle of moving the few channels I wanted to see to a more expensive plan, and then "upgrading" the service to get them again. Eventually, I just gave up. I seem to recall I was already up to about $100 a month just for cable TV, and nothing at all worth watching. So I pulled that plug and never looked back.

  Fuck Comcast up the ass with a big wooden splintery dick.

  Parent