Mediacom Communications Reports Results for Third Quarter 2008
Thursday, November 6th, 2008
MIDDLETOWN, 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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