Two weeks after shareholders rejected the Dolan family’s bid to take Cablevision (NYSE: CVC) private, the company has released Q3 figures, with revenue growing 9 percent to $1.5 billion from $1.38 billion. Net losses in the quarter expanded to $79.3 million ($.27 per share) from $59.2 million ($.22 per share). In the year-ago period, the company benefited from a significantly larger tax benefit. Income from continuing operations grew to $202 million from $127 million. Growth was attributed to success across its offerings Some highlights:
– Cable TV revenue grew 9.7 percent to $1.13 billion, as growth in digital video subs more than made up for declines in basic video.
– High speed data customers grew 13 percent over last year.
– Revenues for Rainbow, the company’s TV programming operations, grew 16.7 percent to $221.8 million. The company cited ad growth and increased affiliate revenue for the gains.