Home Media Magazine is reporting that Cablevision lost 49,000 video subscribers in the quarter ending March 31, 2012, which equates to a staggering $16 million in lost revenue from its cable television, VOD, and pay-per-view services. Not coincidentally, the average Cablevision customer’s bill rose from $149.75 to $152.53 during that same period as a result of price hikes (not the additional 83,000 high-speed internet and 104,000 phone subscribers the company added to its rosters).
Not that it’s all doom and gloom for the company. From the source story:
The New York-based cable operator ended the period with more than 3.2 million video subs generating $868 million in revenue compared to more than 3.3 million subs and $884 million in revenue during the same period last year.
Still, though, if the rates continue to climb, you can bet the subscription numbers will continue to fall. And as the subscription numbers continue to fall, the rates will continue to climb, until some company wises up and stops this vicious cycle.
Via: [Home Media Magazine]
[Hat tip to GUComics for the artwork inspiration]