Cable One sheds video, Internet and phone subscribers in Q4 2012
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.
But thanks to growth earlier last year in its high-speed Internet and phone business, Cable One posted $201.7 million in revenue in Q4 2012, an increase of 6 percent compared to the fourth quarter of 2011. The Washington Post said operating income from its cable division increased 4 percent to $43.4 million, with revenue increasing following a rate hike that went into effect last June.
For 2012, Cable One posted $787.1 million in revenue, an increase of 4 percent compared to 2011. Operating income decreased by 1 percent to $154.6 million.
The Washington Post Co. reported a net loss of $45.4 million ($6.57 per share) in the fourth quarter, compared to net income of $61.7 million in the fourth quarter of 2011.
- see the release
Special Report: Cable in the fourth quarter of 2012