Earnings: Cablevision Swings To Profit In Q4; Revs Grow 10.8 Percent

By David Kaplan

Feb. 28, 2008 - 7:23 PM EDT Feb. 28, 2008 - 7:23 PM EDT

Summary:

Cablevision (NYSE: CVC) posted a $6.6 million profit in Q4, compared to the year before’s net loss of $23.9 million. On the revenue front, C…

Cablevision (NYSE: CVC) posted a $6.6 million profit in Q4, compared to the year before’s net loss of $23.9 million. On the revenue front, Cablevision gained 10.8 percent in the quarter, coming in $1.8 billion. The earnings release comes a few days after reports began to circulate that the Bethpage, N.Y. cable operator was looking at a variety of ways to boost shareholder value, including the possible sale of its Rainbow Media Holdings programming unit. Additionally, the move comes several months after shareholders rejected the Dolan family