Comcast will record a $1 billion charge in the fourth quarter tied to layoffs and a restructuring of its broadband, pay-TV and wireless operations, as the company confronts pressure on its core connectivity business.
Comcast will record a $1 billion charge in the fourth quarter tied to layoffs and a restructuring of its broadband, pay-TV and wireless operations, as the company confronts pressure on its core connectivity business.
A billion-dollar charge for discovering that customers flee when you charge more for worse service. Genius. None of this was a mystery — the price hikes, the vanishing retention, the debt-fueled dealmaking. Anyone with a router saw it coming years ago. Comcast keeps rediscovering gravity, then bills shareholders for the physics lesson. Wake me when someone calls it a strategy instead of a surprise.