I know exactly how big they are. They are the largest cable TV provider in the US. They are the largest ISP in the country. They just purchased SKY TV with 30 billion in new debt. They own NBC Universal. Universal themeparks in Japan, more debt to buy out their partner, Universal Florida parks. Fandango and some other small companies. However, their debt is roughly 2/3 of their pre Covid19 assets. If assets fell in value during this recession as has happened in almost every recession they will not have assets to back billions more in loans. Disney's debt percentage was under 50%, stilll high by Wall Street standards but not 2/3. Comcast still has to invest billions in their cable/internet infrastructure whuch will see its margins shrink not grow. If you doubt that go back about 4 years ago and see what I said about 5G service and was told I was wrong by some here but Comcast's CNBC for the part year has been saying exactly what I said would be coming. Both Disney and Universal have to delay billions in spending or risk bankruptcies. Finally, do you not realize that everyone's taxes are going to have to go up? Businesses too.
Do you realize how much debt Comcast has? Do you realize that the cost of maintaining the cable from their office to your home doesn't go down if you drop the TV portion of your service? Do you know that if you drop the TV portion of your service they not only lose your fee but also the advertising revenue they sell on the cable channels? Yes, the margins are higher on the internet portion of the bill but it shrinks just by people cutting cable and will shrink more as people switch to wireless internet. In case you want to say many can't because their wireless stinks, there are still many that can. Internet service will be very competitive in 80% ofvthe US within 5 years and the profit margin will be very small.
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