Cable One's Cash Flow Falls

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The Washington Post Co. said Friday that second-quarter cash flow declined 8
percent to $32.4 million at its cable-television unit, Cable One Inc., due
largely to higher programming costs, capital expenditures for its digital-cable
rollout and lower margins at acquired systems.

Revenue was up 8 percent to $96.5 million for the period.

Cable One began rolling out digital in the third quarter of 2000, and it has
133,000 digital subscribers. However, the Post Co. said in a press release that
it doesn't expect the cable unit to benefit from the digital service until 2002
and beyond, largely because it offers digital service free-of-charge to new
subscribers for one year.

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