Mediacom reported narrowing video customer losses across its two operating divisions, losing 7,000 pay-TV subscribers in the fourth quarter compared to 10,000 in the year-ago period.
The mid-sized MSO lost 35,000 pay-TV subs for all of last year, down from 55,000 in 2014, making 2015 — wait for it — the company's best customer performance year since 2008. Mediacom now joins Cablevision, Charter, Comcast and Time Warner Cable in celebrating turnarounds in customer growth not seen since the last decade.
Of those customers Mediacom did lose, the MSO said, 75 percent to 80 percent were of the video-only kind.
The company grew high-speed Internet customers by 18,000 in the quarter, up from 16,000 in the fourth quarter of 2014.
Relating to the intricacies of the 2011 transaction that took the company private, Mediacom LLC and Mediacom Broadband LLC report their earnings separately. The company does not conduct a quarterly conference call with media investment analysts.
Fourth-quarter revenue for Mediacom Broadband LLC was $250.9 million, reflecting a 3.9 percent increase from the prior year period. Revenue for Mediacom LLC in the fourth quarter was $186.9 million, reflecting a 4.3 percent uptick.
- read this Mediacom earnings release
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