Cox reported a loss of almost $11.3 million on $1.5 billion reven...
Cox reported a loss of almost $11.3 million on $1.5 billion revenue in the quarter ended Dec. 31, reversing a $179.6 million profit on $1.34 billion revenue a year earlier. It blamed the loss on heavier expenses in trials…
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of new video and voice projects, as well as labor costs and losses on investments. For all of 2003, Cox narrowed its loss to $137.8 million from a loss of $274 million in 2002. It ended 2003 with 6.3 million subscribers to basic video, flat from a year ago; 2.1 million to digital cable, up 20%; 2 million Internet, up 41%; and almost 1 million telephone, up 38%.