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May 3 (Reuters) – Cablevision Systems Corp added
7,000 video subscribers in the quarter, but the cable provider’s
net income fell nearly by half without the benefit of the AMC
Network it spun off last summer.
Wall Street analysts on average were expecting the company
to add 7,400 subscribers, according to Street Account data.
Cablevision’s first-quarter earnings were $57.2 million, or
21 cents a share, compared with $104 million, or 37 cents a
share a year before, the company reported on Thursday.
Revenue rose 0.2 percent to $1.66 billion, narrowly missing
estimates of $1.67 billion, according to Thomson Reuters
I/B/E/S.
