Deal Costs Weigh on Comcast Profit
Wall Street Journal, July 28, 2010
By Nat Worden
Comcast's second-quarter earnings declined 8.6 percent due to costs stemming from its landmark deal to acquire a majority stake in NBC Universal, but the cable giant posted solid revenue and free cash flow gains in a seasonally weak quarter. Despite a mixed subscriber performance, Comcast increased its average revenue per customer and posted a nearly 16% increase in free cash flow, which totaled $1.35 billion for the quarter.
Free Press is a national, nonpartisan organization working to reform the media. Free Press does not support or oppose any candidate for public office. Through education, organizing and advocacy, we promote diverse and independent media ownership, strong public media and universal access to communications.
This article is copyrighted material, the use of which has not been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
