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Comcast Q3: cable write-offs loom as NBCU preps to split off

The Ankler’s Sean McNulty reports that Comcast’s cable business still drives most profit, $7.6 million compared with NBCU’s $1.8 million in Q3, even as cord-cutting worsened and broadband growth stalled.

Why it matters. Comcast investors should expect a sizable cable write-off in Q4 as the unit’s decline accelerates ahead of next summer’s NBCU separation.

Signal from The Ankler · Sean McNulty · read the original.

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