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Feb 18
Comcast Writes Down Clearwire Investment
Comcast, the nation’s largest cable TV provider, said Wednesday its fourth-quarter earnings fell 32 percent, hampered by a $600 million write-down of its investment in Clearwire, notes the Seattle PI.
Comcast’s revenue and adjusted earnings beat Wall Street estimates, and the company raised its dividend 8 percent. However, the Philadelphia-based company showed markedly slower growth in [...]
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