Getting your player ready...
Comcast Corp., the nation’s largest cable-TV operator, reported a 69 percent plunge in fourth-quarter profits Thursday because of costs related to Katrina and other hurricanes, lower investment income and a sharply higher tax rate.
It’s the first time since the third quarter of 2004 that Comcast’s profits have fallen. But the Philadelphia-based company’s cable and high-speed Internet business stayed robust.
