Cablevision on Thursday announced its second quarter earnings, posting net income of $87 million, or 29 cents a share, down 8.1 percent from $94.7 million, or 32 cents a share, in the prior-year period.
Consolidated revenue grew 9.8 percent to $1.88 billion, up from $1.71 billion.
Cablevision’s programming unit, which includes the cable networks AMC, IFC, WE tv and Sundance Channel, increased revenue by 5.3 percent, to $252.3 million. Despite a moribund advertising market, the Rainbow Media group saw its ad sales revenue increase by 2.3
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