Google Wants Comcast’s Cable TV Business

Just yesterday, we learned that Comcast was set to challenge Netflix with Xfinity Streampix, a $4.99/month streaming video service, an announcement that caused Netflix stock to drop five percent. But what’s going to happen to Comcast’s stock when Google breaks into the cable TV business, an area that already has Philadelphia-based Comcast struggling? The search engine company has applied for permits to do just that. [Wall Street Journal]