Comcast profit drops 32% on Clearwire charge
Posted on February 18, 2009 at 08:44 AM EST
Comcast Corp., the largest U.S. cable television provider, says its fourth-quarter profit fell 32% on a charge related to the decreased value of its investment in the Clearwire Wi-Max service, and indicated that subscriber growth is decreasing as cash-conscious consumers cope with the weakened economy.