Feb 28 Cablevision Systems Corp took a
$100 million hit on costs related to Superstorm Sandy but still
posted higher quarterly net income, thanks to a $200 million
payment from Dish Network Corp it received as part of a
The cable service provider posted on Thursday net income for
the fourth quarter of $116 million or 45 cents per share
compared with net income of $60 million or 22 cents per share in
the fourth quarter a year before.
Revenue fell to $1.66 billion from $1.69 billion a year
earlier, just missing Wall Street expectations of $1.68 billion,
according to Thomson Reuters I/B/E/S.