Comcast Goes Online To Improve Customers’ TV Experience (CCV)
During The Cable Show–North America’s largest broadband conference–Comcast (CCV) announced that it would be one-upping its competitors’ by allowing customers to save their shows online, rather than using a built-in hard drive. Comcast’s new program is called X2, and it will be rolled out to customers this year.
Last year, Comcast introduced the X1 platform, and the X2 program will also be available for customers currently using X1 boxes through an optional update. In addition to being able to save shows online, rather than being limited to a specific amount of memory on the physical hard drive, Comcast is also trying to make navigating program schedules easier by making the program guide similar to a webpage, and more easy to customize. The company is also incorporating Rotten Tomatoes reviews, social media options and search functions that are voice-activated.
Comcast’s stocks were down just over 2% on the day, and are over 7% off their 52-week high.
The Bottom Line
Shares of Comcast Corporation (CCV) have a yield of 5.09% based on Tuesday’s closing price of $24.54.
Comcast Corporation (CCV) is not recommended at this time, and does not hold a Dividend.com DARS™ Rating.
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