Comcast, Cablevision, Charter to shore up video losses in Q4, says Jefferies
Shedding basic video subscribers is an ongoing reality in the cable industry, but a Jefferies and Co. report forecasts that Time Warner Cable (NYSE: TWC) will report the biggest subscriber loss out of the top four cable MSOs in Q4 2012.
Jefferies said Time Warner Cable will announce that it lost about 140,000 subscribers, up from 129,000 in the same quarter last year, when it reports its earnings. Alternatively, Time Warner Cable's cable MSO brethren Comcast (Nasdaq: CMCSA), Charter Communications (Nasdaq: CHTR) and Cablevision (NYSE: CVC) will actually report that they have narrowed their video losses in the quarter.
Comcast will likely report a loss of 12,000 video subscribers, down from 17,000 in the same period a year ago. Likewise, Charter is expected to reduce subscriber losses by 8,000 to 38,000 subscribers, and Cablevision will report video subscriber losses of 10,000, compared to 14,000 during the fourth quarter of 2011. Article