Washington, D.C.
(May 4, 2007) --
Cablevision yesterday said its High-Definition TV subscribers
jumped 16 percent over the last three months.
In a conference call with Wall Street analysts, Cablevision revealed that it had 734,000 high-def customers at the end of the first quarter.
That's an increase of 85 percent over the last year.
With 734,000 HD customers, it also means that more than 20 percent of its sub base now subscribes to high-def. Cablevision now has 3.139 million customers overall, which is a 2.4 percent increase in the last year.
In a conference call with Wall Street analysts, Cablevision revealed that it had 734,000 high-def customers at the end of the first quarter.
That's an increase of 85 percent over the last year.
With 734,000 HD customers, it also means that more than 20 percent of its sub base now subscribes to high-def. Cablevision now has 3.139 million customers overall, which is a 2.4 percent increase in the last year.
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Cablevision, the nation's fifth largest cable operator, said 80 percent of its total sub base subscribe to a digital cable package and 65,000 customers signed up for digital video during the first quarter. Most of the company's subscribers are based in New York, Connecticut and New Jersey.
Cablevision offers 23 HDTV channels at no additional cost to digital cable customers.
Is Voom losing big-time money?
The cable operator yesterday released its first quarter financial report which showed that its net loss fell to $26.3 million while overall sales rose 13 percent.
On other issues:
* Company executives refused to comment on whether its Voom Networks is losing a large amount of money. Voom is a 15-channel high-def programming service that's now only available in the U.S. on EchoStar's Dish Network.
* Tom Rutledge, Cablevision's COO, says Verizon's FiOS TV service is starting to cut into its subscription growth. "They're having an impact on our business, which you can see in our subscriber growth," he said.
Cablevision's top executives, Chairman Charles Dolan and CEO James Dolan, his son, are trying to take the company private. The company's board approved of the action this week but it still has to be okayed by shareholders.
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Cablevision, the nation's fifth largest cable operator, said 80 percent of its total sub base subscribe to a digital cable package and 65,000 customers signed up for digital video during the first quarter. Most of the company's subscribers are based in New York, Connecticut and New Jersey.
Cablevision offers 23 HDTV channels at no additional cost to digital cable customers.
Is Voom losing big-time money?
The cable operator yesterday released its first quarter financial report which showed that its net loss fell to $26.3 million while overall sales rose 13 percent.
On other issues:
* Company executives refused to comment on whether its Voom Networks is losing a large amount of money. Voom is a 15-channel high-def programming service that's now only available in the U.S. on EchoStar's Dish Network.
* Tom Rutledge, Cablevision's COO, says Verizon's FiOS TV service is starting to cut into its subscription growth. "They're having an impact on our business, which you can see in our subscriber growth," he said.
Cablevision's top executives, Chairman Charles Dolan and CEO James Dolan, his son, are trying to take the company private. The company's board approved of the action this week but it still has to be okayed by shareholders.
Comment on this article!
Click TVPredictions.com to see today's Swanni Sez.
© TVPredictions.com
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