Skip to comments.Cablevision loses pay-TV customers (Dinosaur Media DeathWatch™)
Posted on 10/29/2011 3:41:35 AM PDT by abb
High quality global journalism requires investment. Cablevision, the cable operator servicing New York and the north-east US, reported a loss of pay-television customers but a gain in high-speed internet customers, mirroring Thursdays results from competitor Time Warner Cable.
Revenues were up 8 per cent from a year earlier at $1.67bn, but organic growth was nearly flat. Revenues from pay-television services were up despite a loss in subscribers in the past three months.
Cablevision added new internet customers, generating revenues from the segment with the addition of a new broadband operator. Broadband results, increasingly the cornerstone service for all cable operators, were predictably strong, said Bernstein Research analyst Craig Moffett.
But analysts said it was hard to assess the results because of Hurricane Irene, which disrupted service in Cablevisions market and added to costs, and a labour strike by workers at Verizon, a competitor.
I have broadband only. I haven’t had cable service since 2009. Its a luxury in these hard times.
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This post wont save journalism. (Sorry.)
Also, who wants to pay for cable when you can stream just about anything you want to watch with a Roku or the like?
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Time Warner is suffering from cable-cutting, too.
That's why ESPN is thriving: they very well know that even at the Basic level of service most cable systems carry ESPN and ESPN2 because ESPN and ESPN2 carry a huge number of live sporting events, and that means a steady level of income.
Another IBEW job action?
Whoops, posted to wrong thread.
Well, it sort of applies.
Perhaps some of this because most of the programming Sucks? When I find a show I like, it gets canceled and the programming is getting more mediocre every month.
The commercials are repeated over and over again until they become nauseous.
No wonder folks are going elsewhere.
-—or the like?——
I’m using an old computer donated by my son. Connected to Boxee.tv and Hulu, the amount of free material is enormous. I have a Fox news stream to try and that will eliminate the need for cable.
The question becomes, how is all this going to work out for the cable companies?
When I look forward, I see a war between the wireless companies increasingly becoming wi fi providers and the cable companies with fixed broad band. I can only hope that the competition reduces internet pricing.
A friend told my daughter that you can stream Fox News with Roku but it only streams between 9am - 3 pm, M-F, I believe she said. Haven’t got the Roku hooked up yet so I don’t know if that’s true. She also said you can get HBO, I think?
Try this site be sure to use adblock.
That puts me within inches of dumping cable.
That is looking really good.
What is ad block?