UPDATE: Cablevision Reports Rise In Q2 Profit

Cablevision Systems Corp CVC reported a rise in its second-quarter profit. Cablevision reported its quarterly net income at $87.8 million, or $0.31 per share, up from $60.9 million, or $0.20 per share, in the year-ago period. Its revenue climbed 9.1% to $1.69 billion. Cablevision reported that it added 5,000 Internet customers during the quarter. It also added 27,000 phone customers during the same period. Cablevision shares dropped 2.66% to $19.00 in pre-market trading.