Mediacom loses 10K video subs in Q4, concentrates on broadband services growth

Mediacom Communications reported 10,000 lost video subscriptions in the fourth quarter across its two operating units, with the MSO finishing the full 2014 with 890,000 pay-TV service customers, down from 945,000 at the end of 2013.

Simultaneously, Mediacom added 16,000 high-speed Internet customers in Q4, ending the year with 1.01 million broadband subscribers.

The Blooming Grove, N.Y.-based cable operator splits its operations into two units: Mediacom Broadband LLC and Mediacom LLC.

Mediacom Broadband reported a 4 percent rise in Q4 revenue to $241.5 million, while Mediacom LCC saw revenue rise 2 percent in the quarter to $179.2 million.

Mediacom is among a number of midsized and smaller cable operators who are forsaking video business expenditures and concentrating on growth in higher margin broadband services.

Mediacom Broadband saw revenue from video services decline nearly 2 percent in 2014 to $110.7 million. However, the unit's broadband revenue spiked 7.8 percent to over $68 million for the year.

Likewise, Mediacom LLC video services revenue slid 1.6 percent to $85.8 million in 2014, while broadband revenue increased 6.8 percent to $55.6 million.  

For more:
- visit this Mediacom investor relations page

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