Comcast: TV down, Internet up

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Comcast has posted higher quarterly profit driven by strength on the cable side of the business. The leading US cable television provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1.4 billion, up from $1.22 billion a year ago.

While the cable unit lost a worse-than-expected 60,000 customers, it added 433,000 high-speed Internet customers.

Revenue at NBC Universal rose 2.4 per cent year over to $5.4 billion. Operating cash flow at the broadcast television unit NBC was negative $14 million, better than a year ago, when it was negative $35 million.

Revenue at Comcast rose 3 per cent to $15.31 billion.


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