Comcast Ekes Out Q1 Profit Despite Cord-Cutting, Tepid Ad Spending

Variety

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Media Conglomerate: Penske Media Corporation

Comcast Ekes Out Q1 Profit Despite Cord-Cutting, Tepid Ad Spending

Comcast notched a small first quarter profit despite continued erosion in its core cable operations and a lack of new spending from advertisers at its NBCUniversal operations. The Philadelphia owner of NBC, USA and the Peacock streaming service said profit rose just 0.6% during the period, to $3.86 billion, or 97 cents a share, compared […]