Cablevision Systems is making money. The MSO announced that it posted a profit in the fourth quarter as more customers signed up for its triple play of services and even advertising revenue jumped 13 percent.
Cablevision did admit it lost 45,100 video customers from the prior year--it now has 3.1 million subs--but it also added 55,900 more valuable digital video subs. This led to a 5 percent raise in revenue to $2.14 billion.
The MSO further said it is testing a new mobile WiFi phone system that would put subscribers on Cablevision's WiFi network when they were in range and on the cellular network when out of the footprint. COO Tom Rutledge said no decision has been made yet on whether Cablevision will build its own wireless network of lease capacity.
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