Home Page News Briefs People Media Telecom Archives About Us GET FREE NEWS UPDATES
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

CCR Short Takes

News | 05/23/2003 4:00 am EDT

Look Communications continues to lose subscribers
Wireless cable and Internet provider Look Communications Inc. continued to lose subscribers in its fiscal 2003 first quarter ended March 31. The company lost 1,300 net digital TV subscribers and 5,300 net total subscribers (TV and Internet) in the quarter to end the period with 45,200 TV subscribers and 137,900 total subscribers. The loss of 1,300 TV subscribers in the quarter compared to 1,000 subscribers lost in the previous quarter and 4,000 in the first quarter of 2002. Look chair and interim CEO Michael Cytrynbaum said in a news release that the company was "encouraged by improvements in customer retention, as our overall rate of churn decreases." On the financial side, Look boasted about achieving its seventh consecutive quarter of positive EBITDA, which was $25,000 in the quarter, compared to $420,000 in the same period last year. Revenues for the first quarter were $12.6 million, down from $15.6 million recorded in the first quarter of 2002. The company posted a net loss of $1.4 million in the quarter.

This content is available to wirereport.ca subscribers

Already a subscriber? Sign in here

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.


Two weeks free access to thewirereport.ca and our exlusive newsletters.

Register for free

* Required


Unlimited access to thewirereport.ca and our exlusive newsletters.


* Required

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com