UPDATE: Cablevision Posts Rise In Q4 Revenue

Cablevision Systems Corp

posted a 47% decline in its fourth-quarter profit. Cablevision's quarterly profit declined to $60.6 million, or $0.22 per share, from a year-ago profit of $113.9 million, or $0.38 per share. Its revenue rose 7.3% to $1.69 billion. Analysts were expecting a profit of $0.23 per share on revenue of $1.68 billion. Cablevision shares closed at $15.64 yesterday.