Comcast is Becoming a Broadband Company

This week the world's largest cable company, Comcast, announced that its high-speed Internet customers surpassed its pay-TV subscribers in number. This is a trend we will likely continue to see with companies that provide both cable and broadband, as pay-TV continues to suffer from the effects of 'TV Everywhere" and VOD. But despite the swing in numbers, Pay-TV still brought in about $5.3 billion for Comcast last quarter, while Internet only brought in $3 billion. Read more about the increase in broadband customers/decline in pay-TV subscribers here.