Comcast profit triples, spending raises concerns
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Comcast Corp. , the leading U.S. cable operator, said on Thursday its quarterly profit tripled, but its shares fell as higher-than-expected spending plans for 2007 raised concerns on Wall Street.
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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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TO THE EDITOR:           Record profits, no accountability, greed. The latest Comcast rate increase is explained by the need to improve services. What ever happened to investing profits to enhance service? Comcast is truly the poster child for de-regulation of a monopoly.
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By Anthony Cronin, The Day, New London, Conn.  Feb. 2--Comcast Corp., a major cable provider across eastern Connecticut,  on Thursday reported a nearly threefold spike in fourth-quarter profits, which  the company said was the strongest performance in its history.
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a quarterly profit  that fell short of Wall Street forecasts but reported  better-than-expected gains in high-speed Internet customers.
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Comcast swooped in to save Sony Corp.&#39;s bid for MGM Corp., but highly-placed people on Wall Street are now wondering what the real price will be.
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NEW YORK -- MTV owner Viacom Inc.'s profits nearly tripled in the fourth quarter following the addition of the DreamWorks studio last year, which swung its movie business to a profit.
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Comcast Corp  posted a 54 percent fall in quarterly net profit as the largest U.S. cable TV operator lost more basic video subscribers than analysts had expected, sending shares down about 8 percent.
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Time Warner Inc. TWX.N, the world's  largest media company, on Friday said its quarterly net profit  rose by 76 percent, boosted by digital video, high-speed  Internet and higher advertising sales at its cable networks.
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Time Warner Inc. TWX.N on Friday  posted a higher quarterly net profit boosted by more digital  video and cable high speed Internet customers and higher  advertising sales at the cable networks.
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Media conglomerate Time Warner Inc.   said on Wednesday that fourth-quarter profit rose more  than 30 percent, boosted by asset sales, more digital cable and  phone customers, and a rise in AOL advertising sales.
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EarthLink Inc. on Thursday posted a higher third-quarter profit, helped by subscriber growth, but it forecast revenue below analysts' consensus target for the current quarter, which dragged down shares 9 percent.
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Comcast Corp. said on Thursday its  quarterly profit tripled, but higher-than-expected spending  plans for 2007 dragged down shares of the largest U.S. cable  company and its rivals.
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Comcast customers report sharing disruptions; venture capitalists go shopping and more.
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Comcast Corp, the largest U.S. cable  TV operator, posted on Thursday a 2 percent rise in quarterly  profit excluding one-time items but lost more basic video  subscribers than analysts had expected.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year.
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Two major conferences last week resulted in a double dose of Information on Comcast.