& cplSiteName &

Cablevision Bounces Back

Alan Breznick
2/26/2014
50%
50%

Rebounding from a lousy third quarter, Cablevision finished 2013 with renewed broadband subscriber growth and lower video customer losses, both of which beat Wall Street projections. (See Cablevision Hits the Wall.)

Surprising analysts who had expected another down quarter, Cablevision Systems Corp. (NYSE: CVC) reported Wednesday that it added 6,000 high-speed data subscribers in the quarter after shedding 13,000 in the third quarter. As a result, it closed out 2013 with nearly 2.8 million broadband customers -- an increase of 17,000 for the year.

Likewise, the fifth-largest US MSO performed better than expected on the video front. It lost 18,000 basic cable subscribers in the fourth quarter after shedding 37,000 in the third. Consequently, it ended the year with about 2.81 million video customers -- down about 80,000 for the year.

Voice customers held steady over the fourth quarter at nearly 2.3 million. For the year, it picked up 8,000 phone customers.

Despite the better-than-expected fourth-quarter numbers, Cablevision posted overall customer declines for both the quarter and the year, due to the continued erosion of its video base. Its total customer count dropped 7,000 for the quarter and 42,000 for the year to below 3.2 million at the end of 2013.

However, a year after Hurricane Sandy wreaked havoc with its operations, Cablevision executives still expressed satisfaction with the company's performance. Thanks to price increases and a scaling back of promotional discounts, fourth-quarter adjusted net revenue climbed 2.3% from a year earlier to $1.6 billion. Adjusted cashflow grew 7.5% to $457 million.

Executives also credited the financial gains to efforts to cut subscriber churn through improved customer service, more effective truck rolls, and operating efficiencies. "We're pleased with the impact on subscriber movement inside the base," CEO James Dolan told analysts on the company's earnings call Wednesday morning. "We have happier customers, and customers that want to stay with us."

Cablevision highlighted continuing progress on the WiFi front. The MSO has already deployed more than 100,000 public WiFi hotspots throughout the New York metro area. Now it is installing more powerful smart routers in broadband customers' homes and focusing on better connectivity within those homes. (See Cable Wi-Fi on a Hot Streak.)

With the deployment of routers that create their own "community hotspots" inside the home, Dolan said, Cablevision in "on track" to hit 1 million WiFi access points by yearend. Though the company is not yet ready to try monetizing its investment in WiFi, that time is coming. (See Top 10 Carrier WiFi Movers & Shakers and Cablevision WiFi Rides NJ Rails.)

"We think connectivity is the most important product to customers," he said. "We think there will be growth opportunities inside of that."

— Alan Breznick, Cable/Video Practice Leader, Light Reading

(13)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
pcharles09
50%
50%
pcharles09,
User Rank: Light Beer
2/27/2014 | 10:56:10 PM
Re: Voice
That's my problem. Cablevision has essentially a monopoly in the area (FiOS is still not in a lot of places & Verizon "Hi-speed" stinks). You would think they'd have good enough training to get their CSRs ready. But I've seen their inner-workings a few times. All they care about at the end of the day is how many calls reps take, not issues resolved.
jabailo
50%
50%
jabailo,
User Rank: Light Sabre
2/27/2014 | 5:11:12 PM
Re: Voice
NYC is not one of those cities 


Yes it's amazing, some of the biggest downtowns do not have the most advanced technology. For example, I live in Kent, WA, about 20 miles southeast of Seattle.  I have tons of options including Wimax and optical fiber.  But in Seattle itself, optical fiber is not available!  Maybe this is more a commentary on the continuing obsolescence of the cities and rise of the suburbs.  Still anyone with a 4G (and soon 5G) phone has wireless high speed broadband.   I can get 4G LTE in some areas near me on my Virgin Mobile phone.   So anyone who has a cell carried with a hotspot feature has wireless broadband, assuming they have reasonable rates for streaming video.

 
majortom1981
50%
50%
majortom1981,
User Rank: Lightning
2/27/2014 | 2:39:04 PM
Re: Voice
NYC is not one of those cities and google said they will never be deploying in the NYC area so cablevision doesnt have to worry about google. they also dont have to worry about fios either because verizon stated no more rollouts. HUGE chunks of long island dont have fios.
Phil_Britt
50%
50%
Phil_Britt,
User Rank: Light Sabre
2/27/2014 | 11:24:26 AM
Re: Voice
I think that's the case with most cable companies and customer service. I'm not in Cablevision territory. I'm with a relatively small provider that could provide better service, but it's still better than my only other cable choice -- Comcast -- based on customers I know with the latter's "service." It seems the larger the cable companies get, the more customers become simply numbers.
jabailo
50%
50%
jabailo,
User Rank: Light Sabre
2/26/2014 | 10:40:23 PM
Re: Voice
We'll know after this happens!

 

Google prepares 34-city push for ultra-fast Fiber service

Google Inc is exploring a major expansion of its super-fast "Fiber" TV and Internet service, which could extend the nascent network to 34 more US cities and pose a competitive threat to home broadband providers.

Google executives told reporters on Wednesday the search company has reached out in recent weeks to cities from nine metropolitan areas around the country, including San Jose, Atlanta and Nashville, to discuss the feasibility of building out Fiber, which Google says delivers the Internet at speeds up to 100 times faster than average networks.

albreznick
50%
50%
albreznick,
User Rank: Blogger
2/26/2014 | 9:08:00 PM
Re: Voice
Wow. So how much longer do you give cable technology? 
albreznick
50%
50%
albreznick,
User Rank: Blogger
2/26/2014 | 9:05:36 PM
Re: "dead end"
Yep, Karl. I wonder about that too. It doesn't seem like the Dolans really haver a long-term strategy right now. Maybe they're just tryingto hang on till someone decides to buy yhem out. Think Tom Rutledge might be interested?   
pcharles09
50%
50%
pcharles09,
User Rank: Light Beer
2/26/2014 | 9:04:55 PM
Re: Voice
Cablevision & great customer service are 2 things that do not go together. Trust me, I've been suffering for years.
jabailo
50%
50%
jabailo,
User Rank: Light Sabre
2/26/2014 | 7:16:01 PM
Re: Voice
Yes, it's somewhat like the British Foreign Office in 1960 once the colonies started gaining indepedence.  Not quite as much to do around the headquarters.  Cable is on track to be evicerated by Google fiber and Wimax/LTE broadband.   The fiber is already laid.  Wireless broadband only takes a few antennas to cover many square miles.  How can thick rat warrens of cable using a network designed for one way transmission of video compete?   Maybe some smart guy with figure out software that boosts its capabilitles to 10Gpbs.   But is that physically possible?
smkinoshita
50%
50%
smkinoshita,
User Rank: Light Sabre
2/26/2014 | 7:08:56 PM
Re: Voice
@FakeMitchWagner:  They could be charging more, but if it's true and they did improve customer service then they might also be providing a service that matches the price.  Great customer service can go a long way -- I'm loyal to a small business that sells computers and parts because they have fantastic customer service and I know I can trust them, even if their prices may be higher.
Page 1 / 2   >   >>
From The Founder
Kicking off BCE 2017, Light Reading founder Steve Saunders lays blame for NFV's slow ramp-up and urges telecom to return to old-fashioned standards building and interoperability.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
CenturyLink: Let's Get Past SD-WAN Hype

6|23|17   |   04:02   |   (0) comments


Technology becomes a "shiny object" unless it's properly focused on solving business needs for enterprise customers, says Bill Grubbs, network solutions architect for CenturyLink. He explains to Light Reading why SD-WAN deployments have to be tailored to specific needs – and more.
Women in Comms Introduction Videos
Infinera's Sales Director Paints Tech's Big Picture

6|21|17   |   4:14   |   (1) comment


Shannon Williams, Infinera's director of sales, shares how she achieves work's many balancing acts -- between her role and the broader company, today and tomorrow's tech and more.
LRTV Custom TV
SD-WAN Innovation & Trends

6|20|17   |     |   (0) comments


Versa CEO Kelly Ahuja discusses with Carol Wilson the current status and trends in the SD-WAN market, Versa's innovation around building a software platform with broad contextualization, and the advantages that startups can bring to the SD-WAN market.
LRTV Interviews
Ovum's Dario Talmesio on 5G in Europe

6|20|17   |   02:16   |   (0) comments


At 5G World 2017, Dario Talmesio, principal analyst and practice leader on Ovum's fixed and mobile telecoms European team, explains the emerging trends amongst European operators as they prepare for 5G.
LRTV Custom TV
Putting Power on a Pedestal

6|19|17   |     |   (0) comments


ARRIS's John Ulm says a major accomplishment of SCTE•ISBE's Energy 2020 program is increased focus on power cost and consumption, including inclusion of energy requirements in operators' RFPs and RFIs.
LRTV Custom TV
Gigabit Access: The Last-Mile Pipe for All Future Services

6|19|17   |     |   (0) comments


A Gigabit access platform being deployed today must be able to deliver all types of services to an increasing number of devices. A non-blocking architecture is necessary to support the ever-increasing growth in bandwidth demand. The Huawei Gigabit access solution is based on a distributed design that is fully scalable to deliver a unprecedented performance.
LRTV Custom TV
Key Factors to Successfully Deploy an SD-WAN Service

6|19|17   |     |   (0) comments


As service providers transition their SD-WAN solution from trials and limited deployments into production at large scale, there are important considerations to successfully operationalize these solutions and realize their full potential, without adding complexity, introducing uncertainty or disrupting current business operations. Sunil Khandekar, CEO and Founder ...
LRTV Custom TV
IoT Solutions: Rational Exuberance

6|19|17   |     |   (0) comments


IoT solutions are morphing from hype into viable business opportunities. Huawei has the platform and ecosystem support to help carriers successfully address new business opportunities in the IoT space.
LRTV Custom TV
Realizing ICN as a Network Slice for Mobile Data Distribution

6|19|17   |     |   (1) comment


Network slicing in 5G allows the potential introduction of new network architectures such as Information-centric Networks (ICN) as a slice, managed over a shared pool of compute, storage and bandwidth resource. Services over an ICN slice can benefit from many architectural features such as Name Based Networking, Security, Multicasting, Multi-homing, Mobility, ...
LRTV Interviews
Ovum's Mike Roberts on 5G Uptake

6|19|17   |   04:08   |   (0) comments


Mike Roberts, research director for Ovum's service provider markets group, explains why he has boosted his 5G subscriptions forecast.
LRTV Interviews
AT&T's Hubbard on Intersection of SD-WAN & MPLS

6|15|17   |     |   (0) comments


Rick Hubbard, SVP of Network Product Management for AT&T Business Solutions, discusses how AT&T's approach to SD-WAN fits in with its overall virtualization strategy, explains how SD-WAN can improve enterprise customers' use of the cloud and addresses the intersection of SD-WAN and MPLS.
Telecom Innovators Video Showcase
Keep Connected IoT Devices Under Control With Allot

6|15|17   |     |   (0) comments


Allot AVP of International Pre-Sales, Daniel Keidar, explains how communications service providers can protect infrastructure and service availability from flooding attacks caused by malfunctioning or bot-infected devices connected to their network.
Upcoming Live Events
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Montcalm Marble Arch
November 1, 2017, The Montcalm Marble Arch
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Netflix's Lesson in Culture Expectation Settings
Sarah Thomas, Director, Women in Comms, 6/21/2017
No Imagination: UK Chip Biz Goes Up for Sale
Iain Morris, News Editor, 6/22/2017
Kalanick Steps Down as Uber CEO
Sarah Thomas, Director, Women in Comms, 6/21/2017
BT Tech Chief Makes Plea to 5G Chip Vendors
Ray Le Maistre, International Group Editor, 6/20/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.