Comcast (CMCSA) continues to defend its business model in the streaming age. The company has value because of its broadband unit (which is used to power subscriptions made by those who ditch linear subscriptions) and the upcoming Peacock streaming service is sure to attract attention.

I continue to hold Comcast shares and view them as a long-term buy, as well as something of a hedge against the streaming thesis. However, over-the-top strategies will be something the company will expand upon over the next several years. There's no doubt that Comcast will have to do two things simultaneously: defend linear and embrace OTT.

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