Earnings: Cablevision Widens Net Loss In Q1, Though Revenues Rise 10 Percent
This story was written by David Kaplan.
Cablevision (NYSE: CVC) was already having a big news week with its proposed $496 million purchase of the Sundance Channel and its $650 million bid challenging News Corp (NYSE: NWS). for Long Island daily paper Newsday. But that news won't distract from the news that its net loss widened in Q1, coming in negative $31 million compared to $26.2 million the year before. On the plus side, revenues were up 10 percent to $1.721 billion from $1.5 billion in Q107. More to come
By David Kaplan