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May 5, 2015 12:00 am

Internet Customers Surpass Cable Subscribers At Comcast

mpicpp notes that for the first time, the country's largest cable provider has more internet subscribers than cable subscribers. The Internet is taking over television. That shift is occurring at Comcast, where the number of people who subscribe to the company's Internet service surpassed its total video subscribers for the first time during the second quarter this year. Announced in an earnings call on Monday, the development signals a major turning point in the technological evolution sweeping across the media business, as the Internet becomes the gateway for information and entertainment. Comcast, the country's largest cable operator, abandoned its $45 billion takeover of Time Warner Cable last month after the deal drew regulatory scrutiny regarding concerns that the combined company would have too much control over the Internet. Comcast is already the country's largest broadband provider, with more than 22 million high-speed Internet customers. Brian L. Roberts, Comcast's chief executive, said in the call that the company was disappointed about the collapse of the deal but had moved on. He said that Comcast's top priorities now were to advance its existing business and improve its poorly rated customer service.

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