Mediacom Communications Reports Results for Third Quarter 2008
Thursday, November 6th, 2008MIDDLETOWN, N.Y. — MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today reported financial results for the three and nine months ended September 30, 2008.
During the quarter, digital customers grew by 25,000, compared to an increase of 9,000 in the prior year period, ending the quarter with 624,000 customers, or 47.1% penetration of basic subscribers. As of September 30, 2008, 32.6% of digital customers were taking DVR and/or HDTV services, up from 22.4% at the end of the prior year period.
Summary Operating Statistics – Video:
Actual Actual Actual September 30, June 30, September 30, 2008 2008 2007 ------------- ----------- ------------- Estimated homes passed 2,850,000 2,840,000 2,839,000 Basic subscribers 1,324,000 1,321,000 1,331,000 Quarterly basic subscriber gains (losses) 3,000 (5,000) (13,000) Digital customers 624,000 599,000 541,000 Quarterly digital customer additions 25,000 15,000 9,000 Digital penetration 47.1% 45.3% 40.6%
More: Earnings Release
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