Cablevision (NYSE:CVC) produced a good first quarter, led by an increase in cable prices and sports programming surcharge, along with a boost in ad revenue.
The ad revenue is good news, as it's likely to be sustainable going forward. The boost in cable prices was accomplished in an environment where the company continues to shed customers in that unit.
Even in a favorable geographic area where there is a lot of disposable income, the question of where the ceiling on cable prices is, and when it's going to be hit, is how many cable users will flee to alternatives like digital delivery without cable. The significant drop in users may point to that already happening; although that...
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