Higher Ad Sales Offset Subscriber Fall at Cablevision


Cablevision Systems Corp reported a 3.7 percent rise in quarterly revenue as higher advertising and increased cable prices helped offset a fall in video subscribers.

The cable company, controlled by New York's Dolan Family, said average monthly cable revenue per customer increased 5.5 percent to $152.72.

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Revenue rose to $1.63 billion in the second quarter ended June 30 from $1.57 billion a year earlier.

Net income attributable to the company's shareholders fell to $94.2 million, or 35 cents per share, from $135.4 million, or 51 cents per share, a year earlier.

Cablevision lost about 28,000 video subscribers, higher than the 14,000 they lost in the first quarter. (Reporting By Aurindom Mukherjee in Bangalore; Editing by Joyjeet Das)