|
|
Article: U S WEST MEDIA GROUP HAPPY WITH ITS FIRST YEAR OF GROWTH BIG CASH FLOW EXPANSION DESPITE $71 MILLION LOSS.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- February 14, 1997
- Author:
CopyrightCOPYRIGHT 1997 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Rebecca Cantwell Rocky Mountain News Staff Writer
U S West Media Group officials declared their first full year of operation a big success because they met goals of strong cash flow growth - despite showing a net loss of $71 million.
The company mushroomed into the nation's third largest cable television operator with last year's merger with Continental Cablevision. Costs of the deal were the main reason for a fourth quarter loss of $81 million and the annual loss, officials said in releasing results Thursday.
But Media Group reported $415 million of proportionate operating cash flow for the fourth quarter, a 30% increase over late 1995. ...