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Article: Slow growth at rural ops: analysts are particularly bearish on debt-riddled charter.(Charter Communications Inc. and Mediacom Communications Corp. and their sales)
- Article from:
- Multichannel News
- Article date:
- August 8, 2005
- Author:
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Small-market cable operators had it rough this spring, with second-quarter declines in basic subscriber losses but continued sub-par revenue and cash-flow growth.
At Charter Communications Inc.--which, despite its presence in big cities like Los Angeles, still has a significant rural footprint--pared its basic subscriber losses to 41,700 in the second quarter (down from losses of 58,800 in the previous year). But it showed signs of losing momentum in digital-cable and high-speed Internet additions.
Digital subscribers declined by 9,000 in the period (compared to a loss of 7,200 a year ago), and high-speed Internet additions were 43,800 in the second ...