Comcast Looks to Buy if Price is Right

By Andrew Gauthier 

Bloomberg

Comcast Corp., the biggest U.S. cable-television provider, will consider buying other cable operators at a “good price,” Chief Operating Officer Stephen Burke said.

“If there is a way to acquire cable systems for what we consider a good price, ones that are well managed, we would certainly look at whatever is out three,” Burke, 51, said today at a Bank of America Corp. conference in Marina del Rey, California. Still, the company “isn’t waking up every morning” evaluating how it can become bigger, he said.

Comcast won a legal victory last month, allowing it to own more than 30 percent of the national cable market. Comcast currently serves about 25 percent of U.S. customers, said Sena Fitzmaurice, a spokeswoman for the Philadelphia-based company. Comcast reported 23.9 million video customers as of Aug. 6, down from a year earlier, as competition intensifies from satellite providers and phone companies. More…

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