cable industry

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Investor Says Oust Comcast CEO; Reaction Mixed

Stock down 43%, but problems are industry-wide

(Newser) - With Comcast's stock price down 43% this year, a major shareholder has called for the  cable operator to give CEO Brian Roberts the boot. The proposal has met a tepid response, the Wall Street Journal reports. The call for Roberts' head is premature, say analysts and investors, especially given the...

Comcast's Growth Slows
Comcast's Growth Slows

Comcast's Growth Slows

Company falls short of several key metrics due to 'challenging economic environment'

(Newser) - Comcast believes its business will fall short of predictions as a declining economy and strengthened competitors slow the cable giant’s growth. The Wall Street Journal reports the firm will add 500K fewer subscribers than it had previously expected, and expects to pay out 5% more in capital spending than...

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