Wall St. analyst Richard Greenfield of the Fulcrum Group told his...
Wall St. analyst Richard Greenfield of the Fulcrum Group told his clients to sell their stock in Mediacom after the cable MSO reported 2nd-quarter results “weaker” than expected and “extremely weak” guidance for the rest of the year. He…
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said more aggressive DBS marketing of local-into-local market launches in Mediacom territory was to blame. Mediacom said 2nd-quarter loss widened to $38 million from a $37.4 million loss a year ago on revenue of $252 million, up from $230 million. Between March 31 and June 30, the company lost 24,000 basic subscribers but added 11,000 digital and 20,000 high-speed data subscribers.