Cowen Analyst: MSOs Poised for 2001 Growth.(SG Cowen Securities Corp. analyst Gary Farber sees cable teleision operator growth)(Brief Article)(Statistical Data Included)

Multichannel News, May, 2001 by FARRELL, MIKE

With a full quarter under their belt, cable operators are poised to turn in steady revenue and cash flow growth for the rest of the year, despite a down economy. According to a recent report from SG Cowen Securities Corp. analyst Gary Farber, seven publicly traded cable operators saw first-quarter revenues grow by an average of 11.7 percent.

Meanwhile, earnings before interest, taxes, depreciation and amortization (EBITDA), or cash flow, rose 10.2 percent. Both performances were in line with expectations. But Farber sees both metrics rising steadily in subsequent quarters of 2001 -- to 12.3 percent, 14 percent and 15 percent on the revenue side, and 12.1 percent, 13.6 percent and 15.3 percent with respect to cash flow. "The majority of our...

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