Cablevision, Charter Lose 90,000 Video Subs6 Nov, 2012 By: Erik Gruenwedel
Multichannel video distributors continue to offset video sub losses with gains in telecommunications and high-speed Internet delivery
Cablevision and Charter Communications Nov. 6 separately reported a combined loss of 90,000 video subscribers during the third quarter (ended Sept. 30).
Manhattan, N.Y.-based Cablevision said it lost 17,000 net video subscribers in the third quarter (ended Sept. 30) to finish the period with 3.24 million subs compared with 3.26 million subs during the previous-year period. Cablevision lost 19,000 video subs during the same period last year.
St. Louis-based Charter said it lost 73,000 video subs in the quarter to end with 4 million subscribers, compared with more than 4.1 millions subs last year. It lost 63,000 video subs during the same period last year.
Cablevision has lost 92,000 net video subs through the first three quarters of the year. The cable operator said average monthly subscription fees per video sub increased to $154.83 from $151.71 last year — underscoring in part the decline in video subscribers.
Charter has lost 119,000 video subscribers since the beginning of the year.
The video sub losses — which continue to plague the cable industry — were offset by subscriber gains in telecommunication and high-speed Internet delivery.