Cable in the fourth quarter of 2012

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iStockPhoto finance hand chartThe fourth quarter was brutal for major cable MSOs, which struggled to recover from power outages and network damage sparked by Superstorm Sandy. In addition to tracking the battle for pay TV, high-speed Internet and voice subscribers, FierceCable is gauging the impact that Sandy had on the cable industry in its coverage of earnings reports from major pay TV distributors, technology vendors and programmers. We'll also cover the earnings calls, looking for news about deployments of next-generation products and services. FierceCable will update this report regularly.
(Image source: IStockPhoto)

MULTICHANNEL VIDEO PROGRAMMING DISTRIBUTORS

Jan. 22

Verizon (NYSE: VZ)
Verizon gained 134,000 FiOS TV subscribers, and increased its average revenue per unit to $105.63.
- see this article
- earnings release

Jan. 24

AT&T (NYSE: T)
AT&T surpassed 8 million total U-verse subscribers during the fourth quarter, as it gained 192,000 U-verse TV and 609,000 high-speed Internet customers.
- see this article
- earnings release

Jan. 31

Time Warner Cable (NYSE: TWC)
While Time Warner Cable lost 129,000 video subscribers during the fourth quarter, it picked up 75,000 high-speed Internet and 34,000 voice customers. The MSO also said it is deploying a "souped up DVR" containing six tuners and 1 terabyte of storage space during the second half of 2013.
- see our coverage
- and the earnings release

Feb. 6

Virgin Media (Nasdaq: VMED)

Feb. 13

Comcast (Nasdaq: CMCSA)
The cable operator's stock jumped after it announced a $16.7 billion deal to acquire the rest of NBCUniversal, and Comcast reported that it picked up 503,000 net high-speed Internet, voice and video subscribers combined in the fourth quarter.
- see our coverage
- and the earnings release

Feb. 14

DirecTV (Nasdaq: DTV)
While DirecTV saw net subscriber growth slow to 103,000 in the fourth quarter, the company said fewer customers canceled service than they did in 2011.
- see our coverage
- and the earnings release

Liberty Global (Nasdaq: LBTYA)

Feb. 20

Dish Network (Nasdaq: DISH)
Dish Network said it picked up 14,000 subscribers in the fourth quarter, down from the 22,000 it gained in the fourth quarter of 2011. Revenue dropped by $40,000 to $3.59 billion and the company's net income plummeted by $104 million to $313 million in the quarter.
- see our coverage
- and the earnings release

Feb. 22

Cable One
Cable One lost 11,442 video, 3,573 high-speed Internet and 1,119 telephone subscribers in the fourth quarter, according to results released Friday by The Washington Post Co., its parent company.
- see this article
- and the earnings release
- more Cable One news

Charter Communications (Nasdaq: CHTR)
The MSO said it picked up 54,000 cable modem customers in the fourth quarter, down from the 68,000 it gained this time last year. Charter blamed the slower growth on the elimination of deeply discounted offers, including a $19.99 monthly high-speed Internet promotion it pitched to subscribers last year.
- see our coverage
- and the earnings release

Feb. 28

Cablevision (NYSE: CVC)
Cablevision lost 50,000 video, 10,000 voice and 5,000 high-speed Internet subscribers in the fourth quarter, with the MSO blaming the subscriber losses and a 44 percent drop in cash flow on the impact of Hurricane Sandy.
- see our coverage
- and the earnings release

Mediacom
Mediacom Broadband increased its average monthly revenue per video subscriber by $14.27 in 2012, according to parent Mediacom Communications Corp.
- see our coverage
- and the earnings release

TECHNOLOGY VENDORS

Jan. 29

Concurrent (Nasdaq: CCUR)
Concurrent reported $9.7 million in video revenue, down about $500,000 compared to the fourth quarter of 2011.
- see this article
- earnings release

Feb. 6

Arris (Nasdaq: ARRS)

Feb. 13

Cisco (Nasdaq: CSCO)

Rovi (Nasdaq: ROVI)
Interactive program guide technology vendor Rovi said it renewed licensing deals with 32 cable MSOs in the fourth quarter, and that 11 cable operators have deployed its new TotalGuide IPG.
- see our coverage
- and the earnings release

Feb. 20

EchoStar (Nasdaq: SATS)
The satellite technology vendor said it picked up about 43,000 subscribers in the fourth quarter from its new HughesNet Gen4 satellite broadband service. The company ended the year with 659,000 subscribers and attributed its subscriber growth to the launch of the Gen4 service in November.
- see our coverage
- and the earnings release

Feb. 26

TiVo (Nasdaq: TIVO)
TiVo reported $65.7 million in service and technology revenue in the fourth quarter, which the company said was the highest in its history. It posted a net loss of $15.8 million, compared to the net income of $54.4 million this time last year, when its earnings were boosted by the settlement of patent litigation with AT&T.
- see our coverage
- and the earnings release

March 25

SeaChange International (Nasdaq: SEAC)

 

PROGRAMMERS

Jan. 31

Viacom (NYSE: VIA)
Nickelodeon and Comedy Central parent Viacom  said it saw revenue drop by 16 percent to $3.31 billion during the fourth quarter, which it blamed on the performance of its Paramount Pictures division and decreased ad revenue at Nickelodeon.
- see our coverage
- and the release

Feb. 5

Gannett (NYSE: GCI)
The broadcaster, which signed a retransmission-consent deal with Dish Network in October and a pact with DirecTV in December, generated $29.6 million in retransmission-consent revenue during the fourth quarter, a 38.7 percent increase over the fourth quarter of 2011.
- see this article
- and the earnings release

Walt Disney Co. (NYSE: DIS)
Increased spending by ESPN on NFL and college football rights saw Disney's cable networks division report a $15 million decrease in operating income for the quarter ending Dec. 29.
- see our coverage
- and the earnings release

Feb. 6

Time Warner Inc. (NYSE: TWX)
Turner Broadcasting and HBO saw revenue increase 4 percent to $14.2 billion during the fourth quarter, thanks mostly to increased subscription fees from cable and satellite TV affiliates, parent Time Warner Inc. (NYSE: TWX) said Wednesday.
- see our coverage
- and the earnings release

News Corp. (Nasdaq: NWSA)

Feb. 7

Scripps Networks Interactive

Feb. 14

Discovery Communications (Nasdaq: DISCA)
Discovery generated $1.2 billion in revenue in the fourth quarter, up $94 million compared to the same period in 2011. Revenue at its U.S. networks increased by 4 percent. The company posted $224 million (61 cents per share) in net income, compared to $336 million (86 cents per share) in the fourth quarter of 2011.
- see our coverage
- and the earnings release

CBS (NYSE: CBS)
CBS Corp. expects it will generate nearly $500 million in retransmission-consent revenue this year, thanks to recent deals with Charter Communications Inc. and other pay TV distributors, executives said Thursday.
- see this article
- and the earnings release

Feb. 22

Crown Media Holdings

Feb. 26

AMC Networks (Nasdaq: AMCX)
Shares in AMC Networks dropped more than 12 percent after it posted $15 million in net income for the fourth quarter, down $14 million compared to this time last year. The company's earnings were impacted by the repayment of debt and its carriage dispute with Dish Network.
- see our coverage
- and the earnings release

 

ONLINE VIDEO PROVIDERS

Jan. 23

Netflix (Nasdaq: NFLX)
Netflix stock soared more than 40 percent after it reported that it gained 2.1 million streaming video subscribers.
- see this article
- earnings release

Apple (Nasdaq: AAPL)
Apple reported a record $54.5 billion in revenue and net profit of $13.1 billion.
- earnings release

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