The top 14 U.S. multichannel video providers representing 94 percent of the market added 380,000 video subs in 2011 despite a lousy housing market and new over-the-top video threats, says Leichtman Research Group Inc. (LRG) , noting that the additions were 175,000 fewer than 2010's totals. The top 10 cable companies lost about 1.62 million video subs in 2011, versus a loss of 1.78 million in 2010.
Comcast Corp. (Nasdaq: CMCSA, CMCSK) EVP David Cohen defended his company's proposed spectrum sale to Verizon Communications Inc. (NYSE: VZ) in a blog post, holding that the deal offers the MSO a "quick and efficient" path to offering wireless service. The blog serves as a warm-up, as Cohen will be among the witnesses at a hearing later today by the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights. (See Cable-VZ Wireless Deals to Face Senate Grilling .)