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.
Subscribe to:
Post Comments (Atom)
2 comments:
"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.
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.
Post a Comment