Comcast up, subs down
July 31, 2008
Comcast added 320,000 digital-cable subscribers that now account for 67 per cent of its total, meaning 16.3 million video subscribers take its digital service. Seven million, or 43 per cent of its base, have advanced services, such as digital-video recorders.
Looking forward, Comcast reaffirmed its guidance that 2008 will end with consolidated revenue and operating cash flow growth of 8 per cent-10 per cent and consolidated free cash flow up at least 20 per cent from $2.3 billion in 2007. Capital expenditure expenses will decline about 18 per cent.