Cablevision swung to a first-quarter profit, as the company added more digital-phone and Internet subscribers and saw a lift in ad sales dollars at its Rainbow Media programming unit.
The Bethpage, Long Island-based company, which also owns Madison Square Garden and the professional sports franchises New York Knicks and New York Rangers, reported a profit of $20.2 million, or 7 cents a share, reversing a year-earlier loss of $31.6 million, or 11 cents a share.
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