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Tuesday, September 12, 2017

COMCAST/XFINITY Sees Huge Subscriber Loss, Shares Plunge

By Grand Rapids Anonymous
Monday, September 11, 2017 at 11:37:00 P.M. EDT

GRA: Is THIS the backlash against the MSM’s constant anti-Trump programming, that might get their attention? Read on.

(NEWSMAX)

Comcast, the parent company of MSNBC, saw its shares plunge this past week as the company said it expected a record drop-off of subscribers for its Xfinity cable and internet service.

The selloff of shares began on Thursday when Matthew Strauss, a Comcast vice-president for Xfinity, told a Merrill Lynch media conference that the company was bracing for a dramatic loss of 100,000 to 150,000 subscribers in the third quarter of this year.

Shares had closed Wednesday at over $41 a share, but Thursday’s announcement led to a 7 percent price decline -- the biggest drop in share price since 2011. Comcast shares closed Friday at $38.21.

Comcast owns MSNBC, the left-leaning network that has taken a strident editorial position against President Donald Trump and congressional Republicans.

2 comments:

Anonymous said...

"Comcast owns MSNBC, the left-leaning network that has taken a strident editorial position against President Donald Trump and congressional Republicans."


NFL too. As Al Sharpton said, vote with you pocketbook.

Al L.

Anonymous said...

jerry pdx
I'd love to believe it's a backlash against the PC ideology that's they're force feeding the public but I think it's more to do with the plethora of alternative entertainment choices being supplied by the internet and escalating subscriber rates.