| Business Summary | | Classic
Communication
Inc.
is
a
cable
operator
focused
on
non-metropolitan
markets
in
the
United
States.
The
Company
is
building
a
regional
platform
for
the
delivery
of
digital
cable
and
high-speed
Internet
access
to
the
homes
and
businesses
of
its
customers.
The
Company
believes
that
its
strategy
combines
the
attractive
characteristics
of
the
non-metropolitan
cable
market
segment
with
the
growth
opportunity
of
broadband
services
and
the
Internet.
As
of
December
31,
2000,
the
Company's
consolidated
cable
operations
served
approximately
386,000
basic
subscribers
and
passed
approximately
710,000
homes
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Classic
Communications
is
a
holding
company
that,
through
its
subsidiaries,
acquires,
develops
and
operates
television
systems
throughout
the
United
States.
The
Company's
sole
direct
subsidiary
is
Classic
Cable,
Inc.
For
the
three
months
ended
3/31/01,
revenues
rose
6%
to
$46
million.
Net
loss
before
extraordinary
item
totalled
$22.1
million,
up
from
$10.6
million.
Results
reflect
increased
subscribers
from
acquisitions,
offset
by
higher
amortization
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
46,114;
after
tax
earnings
were
-28,572. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Kofalt, 58 Chairman | -- | Dale Bennett, 54 Pres,
COO | $504K | Alberto Cribiore, 55 Vice
Chairman | -- | Jimmie Taylor, 47 CFO | -- | Todd Cruthird, 39 Exec.
VP-customer care | 107K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|