U.S. cable operators see weaker second quarter

by Chicher • Friday, May 29th, 2009 - 8:10 pm

Maybe it’s because the cable industry charges too much for the crap that they offer…

BlueHerald ImageNEW YORK (Reuters) – The two largest U.S. cable operators expect slower customer growth in the current quarter across all their products when compared with the first quarter.

Comcast Corp and Time Warner Cable Inc said subscriber growth is slowing in the second quarter and cautioned that the U.S. economy is still not out of woods.

Chief Executive Brian Roberts said at an investor conference on Friday his company has seen a subscriber slowdown across its TV, Internet and phone services partly due to the slower housing market and widespread job losses.

“I would conclude there’s a lag effect,” said Roberts at Bernstein Strategies Decision conference in New York. “There are less opportunities to sell new things right now.”

Roberts said U.S. consumers appeared to be resetting their expectations.

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