Mediacom Pares Sub Losses in Q2

Video losses down to 3,000; revenue rises 4.6%

Mediacom Communications significantly pared down its video customer losses in the second quarter to 3,000 subscribers, less than a third of the 11,000 it lost in the prior year.

Mediacom finished the period with 829,000 video subscribers. Revenue for the period increased 4.6% to $471.5 million and operating income before depreciation and amortization (OIBDA, a measure of cash flow) was up 4% to $179.6 million.

Free cash flow increased to $64.1 million from $55.6 million in the previous year.

While video subscribers declined, gains in broadband and telephony customers helped push overall primary service units (PSUs) up 4.5% to 2.5 million. Mediacom added 6,000 high-speed internet and 25,000 telephone customers in the period.