Mediacom Reports Results for Fourth Quarter and Full Year 2008
Wednesday, February 25th, 2009MIDDLETOWN, N.Y. — MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today reported financial results for the three months and year ended December 31, 2008.
During the quarter, digital customers grew by 19,000, compared to an increase of 16,000 in the prior year period, ending the year with 643,000 customers, or 48.8% penetration of basic subscribers. As of December 31, 2008, 33.2% of digital customers were taking DVR and/or HDTV services.
Summary Operating Statistics – Video (Unaudited):
December 31, September 30, December 31, 2008 2008 2007 ------------- ------------- ------------- Basic subscribers 1,318,000 1,324,000 1,324,000 Quarterly basic subscriber (losses) gains (6,000) 3,000 (7,000) Digital customers 643,000 624,000 557,000 Quarterly digital customer additions 19,000 25,000 16,000
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