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Restructuring sinks Cablevision's 3Q - Broadcasting & Cable

Restructuring sinks Cablevision's 3Q

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Cablevision Systems Corp. said Thursday that its third-quarter loss widened a
bit from a year earlier, amid large restructuring charges, AP reports.

The MSO posted a net loss of $79.5 million, or 26 cents per share, compared
with a loss of $77.1 million (27 cents) in the year-earlier period.

The company said it lost 22,000 basic-cable subscribers during the third
quarter, but it added customers to its digital-cable and high-speed
Internet-access services, which helped revenue to increase 4.3 percent to $951.1
million.

Cablevision expects to end the year with 750,000 high-speed-data subscribers,
up from the previous range of 700,000 to 725,000.

The company also raised its full-year digital-video-subscriber target to
between 150,000 and 175,000. The range had been from 125,000 to
150,000.

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