Talking Numbers—3Q Numbers Should Be Pretty Good, But Not Comcastic
Sandy has caused cable operators to postpone 3Q earnings, with Cablevision moving its reporting date from Thurs to Tues, Nov 6, and Time Warner Cable shifting its call from Wed to Mon, Nov 5. Expect analysts to have plenty of questions for both CVC and TWC about the storm given their NY and NJ presence, though the storm's effect won't be seen in the financials. In today’s lead story analysts predict storm-related costs for Cablevision, discuss Comcast’s likely strong quarter and assess TWC and Cablevision’s numbers.
Day 3 of Hurricane Sandy, and the good news is the percentage of consumers without broadband and cable TV in the core area of the storm was down to well under 20% Wed from around 25% Tues, said David Turetsky, FCC public safety & homeland security bureau chief, on a press call Wed. Read on for the latest service reports from MSOs.