Cablevision’s Q1 sales were about the same as a year...
Cablevision’s Q1 sales were about the same as a year earlier at $1.66 billion, the company said. The company added about 7,000 basic video customers during the quarter. It also added 41,800 broadband and 42,400 phone customers. Though Cablevision’s subscriber…
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results beat analyst estimates, its financial results disappointed, Sanford Bernstein analyst Craig Moffett wrote investors. “Falling margins and stagnant revenues are a recipe for disaster.” With a buyout either by another cable operator or Cablevision’s own management unlikely, the company’s shares don’t make an attractive investment, he said. “What you see is what you get … and what you see, in our view, is not a pretty picture.” Cablevision shares fell 7.9 percent Thursday.