Cablevision revenues were no great stuff. Revenue rose to $1.41 billion from $1.24 billion in the same quarter a year ago. The company’s net loss was a bit improved to $53 million.Average monthly revenue per video subscriber rose from $96.69 to $113.13 from last year’s quarter. That should be very, very good news to cable companies and the telecoms who want to offer IPTV over fiber. The consumer will spend a healthy buck and the revenue per unit grows much faster than inflation.Cablevision added almost 94,000 digital video subscribers, over 74,000 high speed data customers and 113,000 digital phone customer (VoIP). On that note, the cable execs at Time Warner and Comcast should be heading to DisneyLand.On the other hand, the managements at AT&T and Verizon need to be put on suicide watch. Cablevision is hardly the largest cable company. That it put on over 100,000 VoIP customers in a quarter is really extraordinary. If their pace is for half a million new digital phone units per annum and Time Warner and Comcast are added more of these units due to their larger size, the telecoms are obviously watching millions of their core customers walk out the door.The fiber-to-the-home service that the telecoms want to offer to their customers so that those clients can have high-speed internet and IPTV depends somewhat on them having a stable customer base. That won’t be true of the cable guys have their way.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Cablevision Results Shake The Telecoms (CMCSA)(TWX)(T)(VZ)(CVC)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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