Loss widens for Vegas cable operator

Monday, July 23, 2001 | 11:32 a.m.

Cox Communications Inc. of Atlanta, owner of the main cable TV system in Las Vegas, reported a second quarter loss from operations of $89.5 million or 15 cents a share vs. $13 million or 2 cents in the year-ago quarter.

Cox was expected to lose 21 cents a share, based on a survey of analysts polled by First Call/Thomson Financial.

Cox attributed the wider loss to higher operating costs and depreciation expenses. The company also cut its subscription growth estimate.

Cox shares fell $2.12 or 5 percent to $40.07 this morning.

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