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Cablevision Loses 49,000 Video Subs in Q1

3 May, 2012 By: Erik Gruenwedel

Cablevision May 3 reported a first-quarter (ended March 31) decline of 49,000 video subscribers, resulting in a $16 million drop in video-related revenue, including video-on-demand movies and pay-per-view.

The New York-based cable operator ended the period with more than 3.2 million video subs, generating $868 million in revenue, compared with more than 3.3 million subs and $884 million in revenue during the same period last year.

The declines, which mirror ongoing cable industry trends of consumers downsizing bundled pay-TV packages due to the economy and cheaper home entertainment alternatives, were partially offset by gains in high-speed Internet (83,000) and telephone (104,000) subscribers.

Indeed, the average monthly Cablevision bill increased to $152.53 compared to $149.75 due primarily to rate hikes.

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