Business

A look at cable, satellite TV earnings reports

Posted August 01, 2012 10:41 am

Associated Press

Cable and satellite TV companies have begun releasing their earnings reports for the latest quarter. Here is a summary of earnings reports for selected companies and what they reveal about the industry’s prospects:

— July 19: Verizon Communications Inc. says it added 120,000 FiOS video customers to end with 4.5 million in June.

Dish Network Corp. says it lost a net 10,000 subscribers, which was smaller than analysts predicted in a typically week quarter for pay TV operators. It ended the quarter with 14.06 million subscribers in the U.S.

— July 24: AT&T Inc. says it added 155,000 U-verse TV subscribers to end with 4.1 million.

— Wednesday: Comcast Corp. says it lost 176,000 video subscribers, though the rate of decline has slowed. It ended the quarter with 22.1 million to remain the nation’s largest.

Coming up:

— Thursday: Time Warner Cable Inc., DirecTV Group Inc.

— Aug. 7: Charter Communications Inc., Cablevision Systems Corp.

— Aug. 8: Dish Network Corp.

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