Cablevision Loses 18,000 Basic Cable Subscribers in Q4
Cablevision released the company's fourth quarter earnings
(pdf) today, which indicate the cable operator lost 18,000 video subscribers on the quarter, slightly less than the 29,000 or so most Wall Street analysts expected. On the plus side the company posted $46.5 million in income from continuing operations for the fourth quarter, up from a $73.9 million operating loss one year earlier.
Still, the company isn't seeing much growth; Internet phone additions were flat and the company added just 6,000 broadband subscribers on the quarter (though they lost 13,000 subscribers last quarter). That's in part due to the fact that the company is cutting back on promotions
, company CEO James Dolan stating last fall
he thought promotional discounts were a "dead end."
Cablevision now lays claim to 2.8 million video subscribers and 2.78 million broadband users.
Re: the state of competition... I don't buy video services from any provider, yet I'm not left wanting for the 6 channels 98% of consumers who pay $50+ for tv service and some more than $200 get for a few more channels they watch.
For generations (20+ years, telcos like the rbocs.. now mainly three big bells stopped dong 1-up promotions way back in the long distance calling wars-- at least then you could call competition "WARS") Today, you have a mere shadow of what real telecom competition is supposed to be anywhere, and it's been dying ever since! I am familiar with your PRO business / industry stance on issues.. and I'm sure if you took a vote for most of the people who post in this forum, you'd not find a majority of support that these businesses are routinely doing right by the consumer (let's leave the time frame at 2006-2014)
I do agree that consumers that stay put should probably get more rewarded than those that switch (more oft than not, you are GUARANTEED a price increase--aka PUNSISHED FOR STAYING), but let's NOT FORGET where this ideology comes from... way back when the smaller banks were falling all over themselves to get new customers (late 80s & 90s) would do massive promotion-- and it cycled throughout the go-go 80s economy, parents/grandparents of today's hipsters (yuppies), and so on..
BTW 2003-2010 we see a bankrupt economy and many small business fold.. the entire economy was nearly wiped out when banks cut credit. Ever since, then it made many businesses risk averse, REGARDLESS of the regulatory and/or ACTUAL business environment. If you actually made your arguments along these lines, you might have a leg to stand on.. BUT telcos in particular have PLENTY of evidence in their actions of being anti-consumer (and if telcos can get away with it, WHY NOT ask Comcast and Time Warner?!?)-- much of this begins around 2006 and basically has not stopped and gotten progressively worse for the consumer despite more deployments & faster speeds available, upticks in price without consumers being able to afford them (because their salaries are not keeping pace) begins to swing the pendulum.. consumers WILL pull back, and have CHOICES for video and that will force the evolution of cable-tv as we know it.. even if you think a majority of the 95+ million subs are addicted to it now to pay any price.. lets see what happens to those levels in the next 8-10 years.
BTW, might cable companies have to give some video programming away for free?? Maybe...when they have to compete with bittorrent, p2p file sharing networks & video channel streaming piracy too.. they will. This is called evolution of the business model that's been knocking at their door since broadband speeds got above 10 megabits.
Defending the Co. The new Samsung boxes with the Optimum logo are much improved. As of the last few months, I rarely see signal pixelation.
Also, Optimum Online speeds are more than enough for me at 15/5.
Their WiFi network is ubiquitous now. I can't think of the last time I was in public and I wasn't connected to the optimumwifi SSID. If you live in the Melrose, Morrisania, or Mott Haven areas of SoBro, you'll always get a decent optimum WiFi signal.
Cablevision gets it. They're pioneers. In 2003, this company put a satellite in space and competed against themselves! (Voom, to this day, remains the best HDTV service ever).
Their voluntary $300M WiFi expansion paid off. The public's appetite for wireless bandwidth proved to be correct.
Optimum > Dish Network, DirecTV, TWC, Comcast, Fios