Video sub deficits knock Cablevision

Large NY-area cabler Cablevision Systems Friday saw earnings for your September quarter fall, revealing a loss of profits of 19,000 video clients in the earlier 3-month period partly offset by an uptick in voice and-speed Internet biz.Internet gain walked to $40 million from $112 million. Company reported greater programming, advertising and marketing costs additionally to some $16 million hit from Hurricane Irene inside the NY metro area in the finish of summer season.Revenue rose 8% close to $1.7 billion, including contributions from Bresnan, a far more compact cable operator acquired last December. Excluding Bresnan, Cablevision mentioned revenue might have been essentially flat.Cablevision's amounts stressed what Time Warner Cable outlined yesterday, a slippage of video subs to competition from telecom services like Verizon's Fios and possibly, although it's still beginning, nascent inroads by new video streaming services like Netflix and Hulu while others.The business had 3.626 million clients within the finish of Sept. The quantity of video clients dipped 19,000 to 3.264 within the quarter brought to June.Round the upside, the business added 17,000 new voice clients and 38,000 new high-speed data clients. Contact the number newsroom at news@variety.com