Cablevision Systems Class A Earnings Call Nuggets: Impact of Sandy and Non-Pay Disconnect Policy

Cablevision Systems Corp Class A (NYSE:CVC) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.

Impact of Sandy

Michael McCormack – Nomura Securities: Just thinking about the Sandy impact and thanks for giving us a little bit more on the guidance front for 2013. I’m assuming that Sandy obviously had an impact on some of the projects that were rolling and just trying to get a sense for the timing on that. How much of an impact goes into 1Q and do you start showing that off in 2Q, maybe primarily on the Onyx guide launch and then secondly on the high-speed data price up, any impact you’re seeing on churn related to that?

Kristin Dolan – SVP, Product Management: This is Kristin Dolan. On the Onyx rollout, what we did issue that we had there was our testing labs were underwater and unusable for almost three weeks. So, that set us back a little bit, but we are – as they noted on the call, we are all completely deployed on our (Samsung boxes) and we’ll continue with the (SA boxes) within week of today that will be fully deployed across the footprint.

Gregg G. Seibert – EVP and CFO: Mike, in terms of financial impact, the primary financial impact from the storm is very clearly seen in the fourth quarter. We don’t anticipate any follow-on impact as we go into the first quarter of 2013.