Cablevision of Bethpage reports 2Q revenue up, profits off
Cablevision Systems Corp., Bethpage
Cable TV and Internet provider; Newsday owner
Net incomE: $60.8 million compared with $87 million in the same period last year
Net revenuE: $1.8 billion compared with $1.7 billion in the year-ago quarter
Company CommenT:
Chief executive James L. Dolan said, "For the second quarter, Cablevision delivered solid increases in revenue and AOCF [adjusted operating cash flow], driven primarily by the ongoing strength of our core businesses. Both cable and Rainbow performed well over the last three months fueled, in part, by impressive double-digit
increases in advertising
revenue."
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