Continuing a third-quarter trend for pay-TV operators, Cablevision reported significant losses of 56,000 TV subscribers but saw revenue increase 3.7 percent to $1.63 billion, driven by higher customer fees.
Citing the cable company's ongoing battle with unionized technical workers in Brooklyn, the New York City Council is moving to block any potential deal that would let Cablevision convert the city's obsolete network of pay-phone booths into Wi-Fi hotspots.
The battle between Cablevision and its unionized Brooklyn workers continued to escalate Wednesday, with the cable company suing the Communications Workers of America Local 1109 in New York Supreme Court.
Cablevision said its Brooklyn-based field technicians and dispatchers voted 129-115 against maintaining union representation with the Communication Workers of America (CWA), in a nonbinding straw poll conducted by a third-party firm Sept. 10.
A group called "Cablevision99," which claims to represent nearly 300 unionized Cablevision technical workers in Brooklyn, has posted a YouTube rap video with a title, "Strike," and lyrics that the Bethpage, N.Y. cable company certainly won't find catchy.
Cox Communications has no plans to merge with or buy T-Mobile US, or rival MSOs for that matter, Cox President Pat Esser said. Reuters had recently reported that French mobile and Internet firm Iliad was working with Dish Network, Cox, Charter Communications and others to improve its $15 billion offer for 56.6 percent of T-Mobile, which T-Mobile has deemed too low.
New York-based Cablevision is the priciest U.S. pay TV operator, according to new SNL Kagan research, with with the cable service receiving, on average, $152.72 a month for bundled video and broadband services per customer.
The ongoing nasty antitrust court battle between Viacom and Cablevision has escalated with Viacom now alleging that Cablevision committed fraud when the two companies signed a carriage deal in 2012. Viacom wants that contract with the cable company to be rescinded.
Cablevision has named former Yahoo executive David Dibble to the newly created position of chief technology officer, reporting directly to company CEO James Dolan.
Cablevision has named longtime cable industry executive Steve Simmons to its board of directors, expanding the panel to 18 members.