Cablevision loses video subscribers for 10th straight quarter

(Reuters) - Cablevision Systems Corp reported a drop in the number of video subscribers for the tenth quarter in a row, sending the cable TV provider's shares down more than 5 percent in early trading. Cable and satellite distributors have been under pressure to stop consumers from dumping their cable subscriptions, or "cutting the cord", as subscribers increasingly shift to internet-based services. Cablevision, which is controlled by New York's Dolan family, said the number of video customers fell 4.7 percent to 2.68 million in the fourth quarter ended Dec. 31. Adjusted operating cash flow fell to $440.9 million.



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