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Cablevision Coverage: Fair and Foul
05/09/08 - 09:19 AM EDT
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That article was called "Cablevision 1Q loss widens, but revenue rises 10 percent." The Wall Street Journal article has almost the same headline, "Cablevision Loss Widens Despite Gains," but guess what? Dust that sucker for evidence of last quarters $65 million gain and you'll come up empty. Perhaps the Journal was distracted. Charges and gains are always a bit confusing and Cablevision has a lot to write about, from the possible deal with Tribune to buy Newsday, with the sidebar of the Dolans beating out Rupert Murdoch's News Corp.NWS, which of course owns said WSJ, to possible encroaching cable competition from Verizon's FiOS TV. But $65 million is a lot of money. It's more than The Business Press Maven makes in two entire years. And if you mention this quarter's loss, you have to mention last quarter's gain. What's fair is fair. Even for a company that sometimes commits fouls.
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