Cable television is dying. But if you look at the earnings report Comcast released today, it’s clear that cable companies are thriving nonetheless.
Over the past year, the company reports that it lost about 155,000 pay television customers. But during this same period revenue from pay television customers actually rose one percent due to higher prices. That’s a sign that Comcast isn’t really trying to save pay television as a long-term business proposition. The company isn’t lowering prices to try to beat reduced customer demand, it’s accepting that this will keep shrinking and they’re simply trying to squeeze the customer base for all their worth.

 But the really good news for America’s #1 cable company is that high-speed internet revenues grew 9.6 percent and they have over 1 million more billable internet customers than they had a year ago.
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