Comcast’s Strategy to Survive the Declining Video Market
Like other cable companies, Comcast (CMCSA) hasn’t escaped the challenge of cord-cutting, as consumers drop traditional pay-TV plans for online video services such as Hulu and Netflix (NFLX). Comcast shed 140,000 pay-TV customers in the second quarter, and its video revenues dropped 1.9% YoY (year-over-year) to $5.6 billion.