One week after an AT&T consumer exec said he thinks the economy’s on an upswing, Comcast’s CEO says “it’s still a scary time.”
Brian Roberts told attendees at an investment conference Friday that the recession is still taking its toll on cable subscriber growth. Though final second quarter numbers won’t be available for a couple of months yet, Roberts says there appears to be what he calls a “lag effect” this quarter stemming from job losses and home foreclosures.
Add that to more competition from other cablecos as well as telcos, and business is a challenge, Roberts said.
In April, Comcast reported better-than-expected earnings for Q1.
