By Jack Ryan
Comcast Corp. had a solid 2020, balance-sheet-wise.
However, one area still has the Philly-based execs losing sleep:
The unstoppable loss of cable TV subscribers, otherwise known as cord-cutters.
Comcast’s pay TV customer losses continued in the 4th quarter of 2020, when 248,000 video customers dropped their service.
The fourth-quarter drop means Comcast lost a total of 1.4 million cable customers in 2020 overall, compared to 733,000 in 2019, as the cord-cutting trend continues to gain speed despite the pandemic keeping people home and in front of their TVs for much of the year.