Updated: 4/21/2003; 11:02:37 AM.
Cable Television Industry
The latest news about the cable television companies and the business of cable television.
        

Thursday, February 13, 2003

Cox reported strong growth, here's an excerpt from their earnings release yesterday...

ATLANTA, Feb 12, 2003 (BUSINESS WIRE) -- Cox Communications, Inc. (NYSE: COX) today reported financial results for the three months ended December 31, 2002.

"Cox Communications achieved strong growth in the fourth quarter of 2002, contributing to another year of solid financial and operating performance," said Jim Robbins, CEO and President of Cox Communications.

"We grew our total customer base more than 2% in 2002, with solid growth in basic subscribers and record growth in high-speed Internet and telephone subscriptions. With total RGUs now equal to total homes passed, we continue to prove that the digital bundle is the industry's growth engine. Our 2002 growth in bundled customers to 1.7 million, an increase of 53% over the previous year, validates our strategy of a bundled approach to selling and serving our customers."

"With this momentum, Cox Communications is well poised to achieve continued growth and realize our goal of being free cash flow positive in 2003."


5:06:03 PM    comment []

Various sources are reporting today that Jerry Kent's management company Cequel III has reached a deal with Classic Cable to take over management of the troubled (Chapter 11) rural operator (~375k subscribers in mid-west systems).
5:01:47 PM    comment []

© Copyright 2003 Douglas L Ross.
 
February 2003
Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28  
Jan   Mar

CATEGORIES
LINKS

Click here to visit the Radio UserLand website.

Subscribe to "Cable Television Industry" in Radio UserLand.

Click to see the XML version of this web page.

Click here to send an email to the editor of this weblog.