Cable One Drives Revenue Gain

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The Washington Post Co. said Friday that its cable division reported $141.1 million in revenue during the second quarter, up 9% from the same period last year. The company, which owns Phoenix-based cable distributor Cable One, said cable division operating income increased to $39.9 million in the quarter, compared to $23.6 million in the second quarter of 2005.

The company said the cable unit benefited from $10.4 million in insurance payouts tied to losses related to Hurricane Katrina. It estimates that it lost $3.5 million in revenue during the second quarter due to subscriber losses from the hurricane.

Cable One counts 80,065 basic video subscribers in the Gulf Coast region, down from 94,964 customers at the end of the second quarter of 2005. The MSO has also lost about 2,000 basic customers in other regions, and counts 686,002 basic subscribers overall.

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