You will be redirected back to your article in seconds

Cost crunch squeezes NTL

Revs double to $360 million

NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million.

NTL has become a major player in the U.K. and European cable scene. It recently announced that France Telecom will become a major investor and NTL plans to acquire the cable, TV and Internet businesses of competitor Cable & Wireless Communications. It seems likely that the U.K.’s third major cable operator, Telewest, will also pile on before long.

NTL has also acquired broadband cable franchises from British Telecommunications. Including all its pending deals, NTL will have 3.2 million subscribers.

As NTL grows both internally and by acquisition, its operating costs, corporate, general and administrative expenses, depreciation and amortization expense and interest expenses have increased dramatically. The company said it also spent heavily on a new advertising and branding campaign.

More TV

  • Bill CosbyCriminal charges against Bill Cosby

    Bill Cosby Retrial: No Verdict Reached, Jury to Reconvene Thursday

    NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million. NTL has become a major player in the U.K. and European cable scene. It […]

  • Fox World Cup Broadcast Team Talks

    Fox World Cup Broadcast Team Looks to Put American Stamp on International Affair

    NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million. NTL has become a major player in the U.K. and European cable scene. It […]

  • Dear White People Netflix

    TV News Roundup: Netflix Releases 'Dear White People' Season 2 Trailer (Watch)

    NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million. NTL has become a major player in the U.K. and European cable scene. It […]

  • Here and Now Review

    'Here and Now' Canceled by HBO

    NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million. NTL has become a major player in the U.K. and European cable scene. It […]

  • Forest Whitaker at the Photocall For

    Forest Whitaker to Star in Epix Drama Series 'Godfather of Harlem'

    NEW YORK — U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company’s net loss more than threefold to $349 million. NTL has become a major player in the U.K. and European cable scene. It […]

More From Our Brands

Access exclusive content