Cablevision Posts Profit in Quarter

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By Andrew Gauthier Comments

Associated Press

Cablevision HQ The Cablevision Systems Corporation posted a profit for the fourth quarter as more customers signed up for digital cable TV, phone and Internet services.

The only money-losing division was its Newsday newspaper. Otherwise the company has performed well against stiff competition from satellite TV and phone companies that offer video.

As a sign of where advertising dollars are heading, Cablevision said revenue it received from commercials on cable TV grew 13 percent while Newsdays ad revenue fell 20 percent. In addition to serving 3.3 million cable, Internet and phone customers in the New York area, Cablevision owns national cable channels like AMC and IFC. More…