Cablevision Loses 35,000 Basic Subscribers, as Last Year’s Dispute With Fox Hits Home

Feb 17, 2011  •  Post A Comment

Cablevision Systems said it lost 35,000 basic video subscribers in the fourth quarter, excluding the customers it gained from the purchase of Bresnan Communications, marking a steeper customer loss than many analysts had predicted, reports Bloomberg News.

Virtually all the subscriber losses were tied to the blackout of News Corp.’s Fox, which went dark on Cablevision in October and resulted in the longest-lasting blackout of a major broadcast network for a million or more people in the last 10 years, the story says. The losses were far larger than the than the declines of 12,000 to 14,000 users predicted by two analysts, the story adds.

“The risk is that eventually Cablevision’s metrics will hit a wall, and raising prices in an already overpriced industry will be Cablevision’s last and only resort," said Sanford C. Bernstein & Co. analyst Craig Moffett, the piece notes.

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