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."