News Summary: 'Battleship' dud hits Comcast earns

AP News
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Posted: Aug 01, 2012 4:01 PM
News Summary: 'Battleship' dud hits Comcast earns

SINKING FLICK: Comcast's Universal unit lost money on its would-be summer blockbuster, the expensive and critically skewered "Battleship."

GAINS ELSEWHERE: Strong results from cable operations helped the cable company. It reported net income that beat expectations.

CABLE OPERATIONS: In cable, average monthly fees were up 8 percent from last year to $148.57, helped by customers upgrading to faster broadband speeds and getting more premium channels. The company lost 176,000 video subscribers in the quarter, but the rate of decline has slowed.