Not all cords are being cut. Sure, a lot of people boast about how they have ditched their expensive monthly cable plans. And that’s partially true. Comcast is losing video subscribers.
But the company added more than 315,000 high-speed Internet subscribers in the third quarter. Comcast now has 21.6 million broadband subscribers.
Related: Why Disney earnings should scare every cable subscriber
So even if consumers are no longer watching traditional cable TV, many of them are still using Comcast to stream things like Netflix (NFLX, Tech30).
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“You could argue that if the Time Warner Cable deal fell through, Comcast’s stock could go up,” Eagan said.
That may not sit well with all the disgruntled Comcast customers out there.
But until the anger turns into a big wave of subscriber defections and a huge drop in the stock price, it’s hard to imagine any big improvements for consumers anytime soon.
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