PHILADELPHIA (AP) — Comcast Corp. says its third-quarter earnings rose 22 percent because of promotions of its bundled video, phone and Internet plans. But the nation's largest cable TV provider didn't sign up as many new phone and Internet subscribers as last year.
Its investors are anxious for details on how the purchase of a 51 percent stake in NBC Universal would burden Comcast's finances. A deal, valued at around $30 billion, could be announced soon with General Electric Co. which owns 80 percent of NBC Universal.
In the third quarter, Comcast earned $944 million, or 33 cents per share, compared with $771 million, or 26 cents per share, a year earlier.
Revenue rose 3 percent.
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