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

  • Aretha Franklin Patti LaBelle

    Fox News Mistakenly Uses Patti LaBelle Photo in Aretha Franklin Tribute

    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 […]

  • 'The Alienist' Keeps 2018 Limited-Series Emmy

    'The Alienist' Will Keep 2018 Limited-Series Emmy Nominations Despite Renewal

    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 […]

  • Starz Sets 'Outlander' Season 4 Premiere

    TV News Roundup: Starz Sets 'Outlander' Season 4 Premiere Date

    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 […]

  • Manchester City Players Attend Premiere of

    Manchester City Players Attend Premiere of Amazon's 'All or Nothing'

    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