Cablevision profit down 65 percent

Filed under: AM Roundup |

As subscribers leave Cablevision for Internet programs like Hulu and Netflix, Cablevision reported profits were down 65 percent in the third quarter, Bloomberg reports.

Net income fell to $39.3 million, from a year earlier.

The company lost 19,000 video subscribers, but broadband customers rose by 17,000.

Read more at bloomberg.com.