Fox Dispute 'A Rational Thing,' Says Cablevision COO
Company sees broadband, VoIP gains, video losses
Cablevision third quarter earnings
are out, and while the company posted a higher quarterly profit due to 9,600 new Internet subscribers and 9,300 new phone subscribers, they followed the general cable TV trend and lost 24,500 basic video customers (Sanford Bernstein, which has been downplaying the cord cutting trend
, predicted they'd lose 14,000).
Cablevision wouldn't comment on how many customers left during the company's recent ugly battle with News Corporation
, which resulted in Fox channel blackouts during the World Series. "Our behavior was not uneconomic," Cablevision Rutledge said on a conference call
. "We were doing a rational thing."
Previously, Cablevision insisted their settlement with fox was anything but economic, acknowledging they "agreed to pay Fox an unfair price for multiple channels of its programming," including "many in which our customers have little or no interest."