Mediacom Pares Sub Losses in Q2

Video losses down to 3,000; revenue rises 4.6%

Mediacom Communications significantly pared down its video customer losses in the second quarter to 3,000 subscribers, less than a third of the 11,000 it lost in the prior year.

Mediacom finished the period with 829,000 video subscribers. Revenue for the period increased 4.6% to $471.5 million and operating income before depreciation and amortization (OIBDA, a measure of cash flow) was up 4% to $179.6 million.

Free cash flow increased to $64.1 million from $55.6 million in the previous year.

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(Photo via Pictures of Money's FlickrImage taken on Sept. 17, 2015 and used per Creative Commons 2.0 license. The photo was cropped to fit 16x9 aspect ratio.)