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Summary:

Although Cablevision (NYSE: CVC) had been able to maintain its subscriber numbers over the past year, unlike many other MSOs, who were thoug…

Cablevision

Although Cablevision (NYSE: CVC) had been able to maintain its subscriber numbers over the past year, unlike many other MSOs, who were thought to be victims of incipient “cord-cutting,” it hadn’t been able to manage much growth in that area. But Q4 was different, as Basic video subscriber numbers were up 8.2 percent to 3.3 million from a year earlier. Subs were also up on a sequential basis, rising 8.9 percent from Q3, thanks in large part by a 306,000-customer boost from acquisition of Bresnan Communications, which closed in early December, and gave Cablevision a new footprint in the western U.S.

While things continued looking up at the main cable business, the Newsday part of the company was looking murkier — and less successful.

In contrast with past quarters, when Cablevision broke out results for the Newsday segment, which includes the daily Long Island newspaper and smaller publications, it’s now lumped into a category simply labeled “other,” with News 12 Networks, MSG Varsity, Clearview Cinemas, Rainbow Advertising Sales Corporation.

In any case, the “other” segment failed to capitalize on the wider ad recovery that had taken place elsewhere during the year. Net revenues decreased 7 percent to $123.8 million while operating losses increased 14.5 percent to a loss of $75.2 million. Still, Cablevision did point out where the blame for the segment’s poor performance came from: decreases at Newsday and Clearview Cinemas theater chain were offset in part by an increase in net advertising revenue at News 12 Networks local channels.

  1. Knowledge Seeker Wednesday, March 2, 2011

    I have been really surprised that every major cable company has been able to take the region so easily. I went to Satellite a long time ago based upon the willingness of the company to obviously be designing a product around customers. Three free HD receivers, that is what a new customer can expect when they sign on for Dish Network. If they so choose they can opt to enjoy a DVR which also happens to be the largest hard drive in the industry. I travel a lot for business through Dish Network so I have been really happy with the TV Everywhere availability; live programming anywhere in the world through a mobile. Customers can also enjoy twice as many programming choices as any supplier in the industry, that goes for HD channels as well which really excites me. For sport nuts one can have the Multisports package for $5 a month and enjoy Redzone and the NFL Network plus tons of regional and Fox sport Networks as well. It’s important for a customer to feel as though the company is working to provide a fantastic service yes, but technology is also huge right now and Dish goes out of their way to be on top.

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