Cablevision profit falls 28%: Cable TV operating income drops 15%

Anil.HD

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Cablevision said Tuesday net income plunged 28% to $64 million last quarter in large part on investment losses. Revenue was flat at $1.7 billion.

The number topped analysts expectations and the stock nosed up in earlier trading. Cablevision added high-speed data and voice subscribers, but had fewer video subscribers year on year.

Sequentially -- from the second to the third quarter -- it added 25,000 and 23,000 high-speed and voice subs respectively. Video was flat.
 
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