BY IAN OLGEIRSON, KAGAN Adelphia’s new executive team has demonstrated progress in untangling the MSO’s Byzantine books, but the Denver-based group still has a long way to go in improving Adelphia’s operating performance to industry norms. The cable operator posted AT&T Broadband-like margins in Q1, dropping to just 27% as programming increases outpaced the growth in overall revenue. Adelphia also lags well behind the industry average for revenue per basic subscriber. The embattled MSO reported slightly more than $53 for the last two quarters versus the more than $60 average posted by its peers. Its penetration rate of digital customers is on the high side at above 30%, but its high-speed data rates are well below the industry average. Moreover, Adelphia is behind in triggering broad VOD and HD initiatives to keep the pump primed for new revenue streams.

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Friday–October 4

Steinlauf to Depart WBD

Warner Bros. Discovery announced Chief U.S. Advertising Sales Officer Jon Steinlauf is leaving the company later this year. Steinlauf has spent more than three decades at WBD and predecessor companies

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