Cable One has lost 9,100 customers during the past year, according to documents filed today by its parent company, The Washington Post, with the Securities and Exchange Commission.
At the end of June 30, 2004, Cable One, which has the city of Joplin's cable franchise, had 711,900 subscribers. That number had dropped to 702,800 by the end of June 2005. The drop was due to competition from satellite, according to the document.
Despite that drop, Cable One's revenue was up two percent for the second quarter, at $129.1 million, compared to $126.4 million in 2004. Revenue for the first half of the year was up three percent to $255.3 million, according to the document.
Operating income was down six percent in the second quarter to $23.6 million, compared to $25.2 million last year.
The company has benefited from an increase in high-speed internet customers, which has lifted its revenue generating units (the total of basic video, digital video and cable modem subscribers) to 1
The company reiterated that it did not plan to raise cable rates in 2005.