Cablevision Records 4th-Quarter Loss
Bloomberg News
Cablevision Systems Corp., the biggest cable-television operator in metropolitan New York and the owner of Madison Square Garden, had a fourth-quarter loss on higher costs and falling ticket sales.
The loss was $281.6 million, or $1.57 a Cablevision NY Group share, contrasted with net income of $556.6 million, or $3.29, a year ago, when it had a gain from a cable-system sale.
Costs are rising as the Bethpage, N.Y.-based company upgrades its systems for digital TV with hundreds of channels.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
