Century cuts net loss

Fee: $100 mil if Century breaks up with Adelphia

NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago.

The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers.

Century agreed in March to be acquired by cabler Adelphia Communications and the merger is expected to be finalized by year’s end. Century noted, however, that if the deal fails to close and it turns to another partner within 24 months of the termination date, the company would owe Adelphia a $100 million breakup fee.

Century shares closed up 34¢ to $44.53 on Friday.

More Biz

  • Transformers Bumblebee Superhero Girl

    Hasbro and DC Comics Settle 'Bumblebee' Trademark Dispute

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • Terry Crews

    Terry Crews' Ex-Social Media Manager Claims Actor Defamed Him, Owes Him $1 Million

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • David Nevins, President & CEO of

    Listen: Showtime's David Nevins on How Streaming Has Changed the Game

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • Ajit Pai FCC

    Why a Few Derailments Won't Stop the Media Merger Train

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • Amazon Music Names Andre Stapleton Head

    Amazon Music Names Andre Stapleton Head of U.S. Label Relations

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • Aerosmith Announces ‘Deuces Are Wild’ Las

    Aerosmith Announces ‘Deuces Are Wild’ Las Vegas Residency

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

  • Monster Hunter: World

    Tencent Logs $6 Billion Half Year Profit but Games Slowdown Hits Revenues

    NEW YORK — Cabler Century Communications’ net loss for the fiscal quarter that ended May 31 narrowed to $16 million from $23.7 million, and revenue rose 7% to $132 million compared with a year ago. The company, which owns 72 cable TV systems in 25 states and Puerto Rico, has about 1.3 million subscribers. Century […]

More From Our Brands

Access exclusive content