Mediacom Improves Q2 Basic Video Sub Losses

Mid-sized operator loses 11K in period, high-speed data adds improve

Mediacom Communications lost about 11,000 basic video subscribers in the second quarter, an improvement over the 12,000 it lost in the same period last year, as high-speed data and telephony additions also rose in the period.

Mediacom ended the quarter with 14,000 more high-speed data customers (compared to 10,000 additions in the same period last year) and phone customer additions more than doubled to 10,000 in the period versus 4,000 in the prior year.

Those improved subscriber metrics helped boost revenue for the period up 4.4% to $450.8 million and OIBDA up 4% to $172.7 million.

Mediacom ended the quarter with 1.3 million customer relationships, up 2.5% from the prior year.