Top executives from publicly traded cable operators plan to meet here today (Oct. 21) to discuss a uniform method for reporting operational information contained in financial reports, as a way to help investors assess growth potential.
Insight Communications Co. CEO Michael Willner has spearheaded the project, along with Wall Street analysts in the Media & Entertainment Analysts of New York group.
Willner said the plan would address issues such as how various MSOs break out subscriber counts and capital expenditures. Other confirmed attendees include Comcast Corp. CEO Brian Roberts, Charter Communications Inc. CEO Carl Vogel and Cox Communications Inc. CEO Jim Robbins.
Charter has come under fire this year for its practice of counting customers who take only its cable-modem service as basic-cable subscribers. Charter spokesman Dave Andersen said he did not know if Charter planned to change the way it counts basic subscribers.