By Michael Bennett
Philly-based Comcast reported earnings yesterday and it lost 477,000 cable-TV subscribers in Q2 2020 amid a company-wide drop in revenue caused by the pandemic. The net-customer loss consists of 427,000 residential TV customers and 51,000 business TV customers.
The customer losses are more than double the 224,000 net-customer loss in last year’s second quarter.
Comcast said its cable revenue was reduced by “adjustments” to the Regional Sports Network (RSN) fees charged to subscribers due to canceled sporting events.
The RSN in Philly is NBC Sports Philly, one of the worst regional networks in the USA.
With no Phillies, Flyers and Sixers to show — as was the case in Q2 2020 — there is literally nothing to watch on NBCSP.
Unless you like infomercials.
It has a lazy and getting lazier management.
Truth is, if it didn’t have a camera to show the Fanatic’s Mikey Miss, there would be nothing to see on NBCSP that in any way extertains or informs you.
The average price each TV customer pays Comcast “would have been higher if it were not for waived fees due to COVID-19 and the impacts of the customer RSN fee adjustments,” the company said. Comcast’s average monthly revenue per cable customer was $150.17, down from $156.71 three months earlier, partially reflecting an increase in the number of “one-product customers” such as those buying broadband but not TV or phone service.