While Comcast [CMCSA] and Cox [COX] last week reported solid 2Q number, the loss of basic subs was cause for some concern on the Street. UBS downgraded Comcast and Cox to "Neutral 2" from "Buy 2" Fri, saying DBS "continues to aggressively target cable’s unbundled subscribers in the near-term." While Cox did especially well with its bundle, UBS noted that 60% of subs remain in the analog camp, and their defection to satellite continues to be cause for concern. Comcast finished the week down 14 cents to $27.30, while Cox closed down 50 cents, to $27.58.

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Verizon, NYC Reach Settlement

Verizon has an agreement with New York City that settles proceedings against it after the city claimed it had failed to meet buildout terms for its Fios network under its cable franchise agreement.

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