U S West Media Cash Flow Rises 27%

Publish date:
Updated on

Englewood, Colo. -- U S West Media Group (UMG) said last
Thursday that its fourth-quarter operating cash flow rose 27 percent, to $677 million, and
its domestic broadband cash flow rose 25 percent, to $445 million.

The MSO's internal growth rate of basic subscribers
was 2.4 percent on an annualized basis in the fourth quarter, which it ended with 5.1
million subscribers.

UMG's net loss in the quarter was $146 million, or 24
cents per share of stock, slightly better than analysts' estimates of a
25-cent-per-share loss. One factor in the loss was a pretax $200 million charge for the
effects of the Asian monetary crisis. The yearly loss was $532 million, or 88 cents per

Revenue grew 9 percent during the quarter, to $2.4 billion
from $2.2 billion, and 12 percent for the year, to $9.1 billion.

Domestic broadband revenue rose 10 percent, to $602
million, driven by an 11 percent rise in basic-cable revenue. Cash flow from domestic
broadband results included UMG's 25.5 percent share of Time Warner Entertainment.