Whether you know the website: www.optonline.net or not, but when we mention Cablevision Systems Corporation (NYSE: CVC), you would be familiar with it.
Indeed, the copyright of the website: www.optonline.net is owned by CSC Holdings, which wholly owned by Cablevision Systems Corporation (NYSE: CVC).
Not as the meanings of the name, actually CSC Holdings is not a holding company at all. However, CSC Holdings is the main operating subsidiary of Cablevision Systems Corporation (NYSE: CVC), which is one of the top US cable and entertainment companies.
The core business is focused on the cable television network with about 3 million customers in the New York tri-state area under the brand Optimum from the website of www.optonline.net, where three entries, namely TV, Phone, and Internet, are provided to offer the high-speed Internet access and the digital phone service to about 4.5 million cable customers.
Those services can be sold individually or bundled — combining cable TV, Internet and digital phone. Chairman Charles Dolan and his family control 70% of Cablevision’s shares.
Recently, according to the reports of Reuters on August, Cablevision Systems Corporation (NYSE: CVC) had lost about 20,000 cable television customers, which exceeded the expected customer loss quantity. Though this company has such a large customer loss, its net income rose in the second quarter because it has made more money off the subscribers.
According to the Research Firm StreetAccount, this company had 20,000 video subscribers lost, exceeding the expectations of 4,700 customers analysts.
On August 2, the net income posted by Cablevision Systems Corporation (NYSE: CVC) was 135.7 million dollars, while the net income posted there by in the same period of last year is 63.8 million dollars.
Meanwhile, according to Thomson Reuters I/B/E/S, the revenue increased by about 1% reaching to 1.57 billion dollars, only a slight gap towards the analysts’ average estimation, namely 1.58 billion dollars.