Mediacom’s sales rose 8.7% last quarter to $289.3 million as it a...
Mediacom’s sales rose 8.7% last quarter to $289.3 million as it added customers for all services except basic cable, said an SEC filing, citing preliminary figures. Cash flow rose at a similar rate, though the firm didn’t disclose whether…
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it had a Q1 loss or profit. Broadband subscribers rose 24% from a year ago, to 504,000, though Mediacom lost 39,000 cable subscribers. There were 46,000 phone subscribers on March 31 as the firm started selling VoIP. There were “very strong data and VoIP adds,” wrote Banc of America analyst Douglas Shapiro. Separately, Moody’s gave a Mediacom loan a Ba3 rating, citing increased debt costs.