Mediacom Communications grew fourth-quarter revenue and cash
flow by about 3% in the fourth quarter, fueled mainly by gains in high-speed
data and phone customers.
The small and medium-sized market MSO, which has about 1
million customers in the Midwest and Southeast regions of the country, reported
combined revenue in its Mediacom Broadband and Mediacom LLC units of $400.3
million in the period, up 3.4% from the prior year. Adjusted Operating income
before depreciation and amortization (AOIBDA), rose a combined 3% at the units
to $162.8 million.
Video customers declined by about 10,000 at Mediacom
Broadband and by 9,000 at Mediacom LLC. But the two units managed a combined
6,000 gain in broadband subscribers and grew telephone customers by about
Free cash flow at the combined units more than doubled
during the period to $54.5 million from $22.6 million in the prior year.
held, Mediacom still has public debt which requires it to file public
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.