Rolling in it: Comcast profited $1.9 billion in first 3 months of 2014

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Alyson Hurt Earlier this month, Comcast told the Federal Communications Commission that it needs the green light to purchase Time Warner Cable as a way to stay competitive with Google, Netflix, and others. Nevertheless, in its latest quarterly earnings report published on Tuesday, Comcast reported that it made $1.9 billion in profits in the first quarter of 2014—an 18 percent increase year-over-year. “Our operating momentum is continuing as we enter 2014 and is highlighted by our second consecutive quarter of video customer growth, as well as strength in high-speed Internet and business services,” Comcast CEO Brian L. Roberts said in a statement. Read 4 remaining paragraphs | Comments

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Rolling in it: Comcast profited $1.9 billion in first 3 months of 2014

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