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60,000 customers cut the cord on Comcast cable in Q1

Comcast Cable Subscriber Losses

There are now 60,000 fewer households willing to pay Comcast for its cable television services than there were a quarter ago. The New York Times reports that Comcast lost 60,000 cable subscribers over the past quarter, which was “62 percent worse than the more modest losses it reported in the first quarter of 2012.” That said, losing all those cable subscribers hasn’t hurt Comcast’s bottom line since the company also reported Q1 2013 earnings of $1.44 billion, an increase of 17.4% from the earnings it reported in Q1 2012. The Times says that Comcast’s improved earnings “were partly the result of more expensive cable bills for 72% of Comcast’s subscribers.”

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.