Higher Cable Prices Offset Cablevision's Subscriber Losses


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

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The company lost about 14,000 video subscribers, which was more than the 7,700 customers analysts were expecting, according to research firm StreetAccount.

Revenue rose 4.3 percent to $1.58 billion.

Net income attributable to the company's shareholders was $89.8 million, or 33 cents per share, in the three months ended March 31, compared with a loss of $16.1 million, or 6 cents per share a year earlier.

The cable company, which is controlled by New York's Dolan Family, said average monthly cable revenue per customer rose 6 percent to $148.22.