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Comcast Earnings Rise 5.4% as Subscriptions Increase

May 1, 2009

 Comcast Corp.'s first-quarter profit rose 5.4%, as the cable industry continues to show some resilience to the economic downturn.

The largest cable provider in the U.S. is wrestling with slower subscriber growth as real-estate activity and consumer spending stagnate amid the global recession. Meanwhile, competitive pressures are growing as telecommunications companies encroach further into Comcast's territory, with rival offerings for television and broadband Internet service.

Click here for the remainder of this article from the May 1, 2009, Wall Street Journal Online.

Chief Financial Officer Michael Angelakis said April 30, 2009 that the cable giant plans to use its strong free cash flows to pay down debt this year, though he said resuming the company's share repurchases remains an option.

Click here for the rest of the this article from the April 30, 2009, Wall Street Journal Online.
 © 2005 Communications Workers of America, AFL-CIO, CLC.
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