Mediacom adds 8k digital subscribers in 2Q09

MIDDLETOWN, N.Y. — MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today reported financial results for the three and six months ended June 30, 2009.

Video revenues increased 2.8%, primarily due to digital customer growth and, to a lesser extent, higher service fees from our advanced video products and services, including DVRs and HDTV. During the quarter, we lost 15,000 basic subscribers, and year-over-year, we lost 14,000 basic subscribers, representing a reduction of 1.1%.

During the quarter, we added 8,000 digital customers to end the quarter with 658,000 customers, or a 51.3% penetration of basic subscribers. Year-over-year, we gained 69,000 digital customers, representing an 11.7% growth rate. As of June 30, 2009, 36.0% of digital customers were taking DVR and/or HDTV services.

Summary Operating Statistics – Video:

                                                  June 30,    March 31,     June 30,
                                                      2009         2009         2008
                                                -----------  -----------  -----------
Basic subscribers                                1,282,000    1,297,000    1,296,000
Quarterly basic subscriber (losses) additions      (15,000)       4,000       (5,000)
Digital customers                                  658,000      650,000      589,000
Quarterly digital customer additions                 8,000       17,000       14,000
Digital penetration                                   51.3%        50.1%        45.4%

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