Mediacom adds 21k digital subscribers in 1Q10

MIDDLETOWN, N.Y. — MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today reported financial results for the three months ended March 31, 2010.

Video revenues declined 1.6%, principally due to a lower number of basic subscribers, offset in part by continued growth in digital customers and digital video recorder and high-definition television services, and video rate increases. We lost 4,000 basic subscribers during the period, compared to a gain of 4,000 in the prior year period.

We added 21,000 digital customers to end the quarter with 699,000, a 56.6% penetration of basic subscribers. Year-over year, we gained 49,000 digital customers, a 7.5% growth rate.

Summary Operating Statistics – Video:

                                                   March 31,  December 31,     March 31,
                                                        2010          2009          2009
                                                ------------  ------------  ------------  
Basic subscribers                                  1,234,000     1,238,000     1,297,000   
Quarterly basic subscriber additions (losses)        (4,000)      (25,000)         4,000 
Digital customers                                    699,000       678,000       650,000   
Quarterly digital customer additions                  21,000        13,000        17,000   
Digital penetration                                    56.6%         54.8%         50.1%

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