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1135 points carride | 2 comments | | HN request time: 0.001s | source
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bluedino ◴[] No.32411780[source]
> Comcast once told him it would charge $50,000 to extend its cable network to his house—and that he would have gone with Comcast if they only wanted $10,000.

Starts his own company and finds out it costs $30,000 to do it.

You need big trucks, drills, excavating equipment, skilled union workers making good wages, safety concerns around water, gas, sewer, electrical and other communication lines, you can't mess up peoples lawns, you have to go out and maintain these systems after storms.

And people want this all for $55/month!

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dkhenry ◴[] No.32411946[source]
Its so expensive that Comcast only made a profit of 42 Billion in 2021, while providing a lower quality of service than what a small ISP in Michigan can give you for a one time 2M in government grants.
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1. bluedino ◴[] No.32412089[source]
The little guy in Michigan also doesn't own the NBC broadcasting network, theme parks... Comcast didn't make $42B off it's cable subscribers.
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2. dkhenry ◴[] No.32412257[source]
You should check their quarterly earnings I think you would be shocked. In the second quarter Cable and Broadband account for 7.4 Billion in profit, and have a profit margin near 50%. NBC Universal only accounts for 1.9 Billion and their theme parks are 632 Million. By far cable is the largest driver of profit.

https://www.cmcsa.com/news-releases/news-release-details/com...

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