The Cablevision Systems Corporation posted a 47 percent decline in fourth-quarter income on Tuesday and said its free cash flow would be lower this year because of an increase in capital expenses, results that set off a 10 percent decline in its share price.
Discussing the earnings on a conference call, the chief financial officer, Gregg Seibert, said the company planned no increases in subscriber fees this year, a move that, along with investments in cable set-top boxes and costs to upgrade networks, would reduce free cash flow.
Maybe if they stopped moving the good stuff from free service to rented set-top box service this wouldn’t happen. Right now in NJ, except for the broadcast channels, most of what we get is crap from cable without the box —yet not needing a box (supposedly) is the only real advantage they have over satellite or FIOS.
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