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Cablevision 1Q loss widens, but revenue rises 10 percent
posted 9:03 am Thu May 08, 2008 - NEW YORK
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Cable TV provider Cablevision Systems Corp. says it had a bigger loss in the first quarter than it did a year ago. But it also says its revenue rose 10.1 percent.Cablevision said Thursday it lost $31.6 million or 11 cents per share in the three months ended March 31. It lost $26.3 million or 9 cents per share in the same period a year ago. Revenues is up to $1.72 billion from $1.56 billion.
The report comes a day after Cablevision says it is buying Robert Redford's Sundance Channel for $500 million. It has also bid $650 million for Newsday, which is based in Cablevision's home turf of Long Island.
The report comes a day after Cablevision says it is buying Robert Redford's Sundance Channel for $500 million. It has also bid $650 million for Newsday, which is based in Cablevision's home turf of Long Island.
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