Cablevision Systems Corp.'s first-quarter profit more than tripled as subscriber numbers rose, fueled by high-speed-Internet and digital-phone customers.
Competitor DirecTV Group Inc., meanwhile, benefited from a focus on higher-value customers as its earnings more than doubled.
Despite Cablevision's profit increase, the company learned Wednesday that the federal government has decided to regulate the Internet more aggressively, which could weigh on its growth prospects. Cablevision shares were down 7.1% to $24.91 in 4 p.m. composite trading Thursday on the New York Stock Exchange.
Chief Operating Officer Tom Rutledge said the company would be disappointed if the Federal ...
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