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Comcast Woes Deepen as Cable Biz Feels Heat

Industry faces slumping demand and increased competition from telecoms, satellite

By Jim O'Neill,  Newser User

Posted Dec 6, 2007 10:18 AM CST

(Newser) – Comcast’s worsening financial health, reported by its new CFO yesterday, has BusinessWeek predicting rough going ahead for the cable business. Consumers hit by  the housing slump are cutting back on service, just as satellite and telecom competitors are cutting prices to get their attention....   Read full story »

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