Mediacom reported that it lost 16,000 basic video customers during the fourth quarter, which was an improvement from the third quarter, when it lost 22,000 basic cable customers. Its performance in the third quarter was impacted by a six-week retransmission-consent dispute with LIN TV Corp. , which pulled its stations from Mediacom systems.
The Middletown, N.Y.-based MSO also picked up 1,000 high-speed Internet customers and 1,000 telephone customers during the fourth quarter. It had lost 3,000 cable modem customers during Q3.
Mediacom ended 2011 with 596,000 basic video customers, dropping 67,000 subscribers since the fourth quarter of 2010. Like other cable MSOs, it has grown cable modem customers, ending 2011 with 468,000 subscribers, up 9,000 for the year. It also added 5,000 phone customers last year, counting 180,000 subscribers as of Dec. 31.
The MSO, which operates cable systems in Iowa, Illinois, Florida, Kansas, Missouri and Wisconsin, reported $219 million in revenue in Q4, up 2 percent compared to this time last year. It generated $116.48 in average revenue per subscriber in Q4, up nearly $14 from the $102.74 in average revenue per subscriber that it generated during the same period last year.
Mediacom founder Rocco Commisso struck a deal to take the company private last May.