Unlike other operators, adds basic cable subs...
Cablevision has released their
earnings (pdf), and reports a net revenue growth of 12% for the second quarter. The company posted higher profits ($317.4 million) than expected, thanks in part to the sale of their stake in the FSN Bay Area and FSN New England networks to Comcast.
"Cablevision's Optimum Voice service, recently honored by J.D. Power, now reaches 30% of the homes passed by our fiber-rich network, and the penetration rates of all of our consumer telecom services continue to lead the cable industry," concluded Mr. Dolan.
The company says basic cable additions were
"basically flat" (that's code for they lost 348 basic video subscribers), in contrast to the 95,000, 57,000 and 29,300 basic cable customers lost by
Comcast,
Time Warner Cable and
Charter, respectively, this quarter. The company added 39,000 digital cable customers, 50,000 broadband customers and 81,000 VoIP customers.
