Mediacom adds 21k digital subscribers in 1Q10
Friday, May 7th, 2010MIDDLETOWN, 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%
More: Earnings Release
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