Cablevision Loses Basic Cable Subs
But Counters With Slow VoIP and Broadband Growth
Cablevision's first quarter earnings
released this morning notes that company revenue rose 9.7% to $1.92 billion, while net income increased to $104.1 million from $74.2 million a year ago. Like other cable operators, Cablevision lost 8,000 cable TV subscribers on the quarter, down from a gain of 1,000 TV subscribers one year ago. The company lost 35,000 basic cable subscribers during the fourth quarter of last year
, something the company blamed on their very public and very ugly dispute with Fox over programming costs. On the flip side, the company saw a net gain of 32,000 broadband customers, and 40,000 voice lines. The company's earnings included Cablevision's $1.36 billion acquisition of Bresnan Communications, which closed last December
and added 320,000 subscribers in Colorado, Montana, Wyoming and Utah.
| |batterupI Can Not Tell A Lie.Premium
said by mech1164:The best HD in most of Cablevision's area is OTA. With football all games are on free TV with better quality than Cablevision can provide. I find I watch mostly broadcast channels even though I had to get an advanced cable package and an HD converter box to watch just one cable channel I wanted.
If you are in an area that get good tv signals, then it's an easy sell.
Re: Thats becuase they shut off the analog service.
said by tuaris:Consumers factor set-top rentals into their BOTTOM LINE PRICE. That's where the cost push above $100 for the typical triple play plan.. taxes, rentals, surcharges, franchise fees, etc, etc. Telephone Cos (at&t/verizon) has a nice $6 HD rental price too for an ordinary HD set-top. Once the price is too high, they'll chop down to dual play & download content over the internet or do mail rentals & seek alternatives. This is about $40-$50 a month for expanded basic. Once the company charges more, it becomes expendable. Right now I have expanded cable @ a great rate.. once it expires.. I'm not exactly hooked on the stuff, I can do without should the price be too high after the price lock expires. Churn (switching providers) & Burn (unsubscribing) is good for competition. Telco Nor Cableco should take the consumer's money for granted. I expect Verzion will respond to Cablevision's Boost Plus with new promotions within 3 months to keep customers loyal.
Anyone at Cablevision who did not see this coming is an idiot. Hopefully, this trend will continue and cause the cable operators to realize that we don't want to rent a box AND pay for service.
Really, the benefit of cable was the fact that I did not have to rent a box. With this new "Digital Only" trend, I might as well subscribe to satellite service.
Once Comcast goes digital only in my area, it's just Netflix, Torrents, and Hulu for me.