Comcast Loses Cable Users, Internet Subscribers Surge

Comcast continues to lose its U.S. cable customers, but racked up more internet subscribers and got a revenue boost from Sky, its big bet on European TV.

The Philadelphia company said Wednesday that it lost 29,000 U.S. cable customers in the fourth quarter, but added 351,000 internet subscribers.  It also gained customers in its new cellphone-plan business.

The company is facing up to a growing number of people cutting their cable bundles to save money.  A number of companies have joined Netflix in offering cheaper streaming services.

Comcast is also looking to compete there.  It is launching a streaming service next year, joining the crowded field competing for consumers' attention.  It's also seeking growth overseas.

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