Could cable lose its grip on TV business?
February 4th, 2010
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Cable companies may be raking in profits as they add more broadband subscribers, but price-sensitive consumers may only be a discount away from ditching them.
On Wednesday Comcast, the nation’s largest cable operator, announced it had more than doubled its fourth-quarter earnings, due in large part to a promotional push that resulted in 247,000 new high-speed Internet subscribers. Time Warner Cable, which announced fourth-quarter earnings last week, also swung to a profit, buoyed by gains in broadband Internet and phone subscribers.
