Despite the lack of Nexstar and Mission Broadcasting local stations on a few of its cable franchises, Cable One showed an increase in profit during the first quarter of 2005, according to the quarterly statement filed by its parent company, The Washington Post, with the Securities and Exchange Commission.
Cable division revenue of $126.4 million for the first quarter was up four percent from the same period in 2004, according to the report. The growth was attributed to increased cable modem revenues and a $2 monthly rate increase for basic cable service, which into effect March, 1, 2004, at most of the company's cable systems.
The company has said it will not increase rates in 2005.
Cable division operating income increased three percent in the first quarter to $23.4 million, compared to $22.6 million in the first quarter of 2004.