Cable One

Last updated
Cable One, Inc.
Company type Public
Industry Cable TV, broadband phone, Internet, Fiber Services
Founded
  • 1986;38 years ago (1986) (as Post-Newsweek Cable)
  • 1997;27 years ago (1997) (Cable One)
Headquarters Phoenix, Arizona, U.S.
Key people
Products
RevenueIncrease2.svg US$1.706 billion (2022)
Increase2.svg US$538.989 million (2022)
Decrease2.svg US$234.118 million (2022)
Total assets Decrease2.svg US$6.914 billion (2022)
Total equity Decrease2.svg US$1.758 billion (2022)
Owner Graham family - 12%
Number of employees
Decrease2.svg 3,132 (December, 2022)
Website ir.cableone.net
Footnotes /references
[1]
Sparklight logo Sparklight logo.svg
Sparklight logo

Cable One, Inc. is an American broadband communications provider. Under the Sparklight brand, it provides cable television, internet, and phone services to 24 U.S. states and 1.1 million residential and business customers. [2] It is headquartered in Phoenix, Arizona, though it does not serve that metro area.

Contents

History

Originally established in 1986 as a subsidiary of Graham Holdings Company known as Post-Newsweek Cable, its name was changed to Cable One in 1997.

In June 2015, Graham Holdings Company distributed 100% of Cable One’s common stock to GHC shareholders in a tax-free transaction. Cable One became an independent publicly traded company as Cable One, Inc. and began trading on the New York Stock Exchange under the ticker symbol CABO. [3] [4]

In summer 2019, Cable One rebranded its residential services division as Sparklight, seeking to promote its internet services more than cable TV offerings. [5] Equipment with Cable One branding is still used by existing customers, with new customers receiving equipment with Sparklight branding. Cable One's original URL, cableone.net, redirects to sparklight.com. [6]

Sparklight provides broadband service via cable (DOCSIS) through most of its footprint, and fiber-to-the-home in limited areas.

Sparklight provides phone service plans such as Economy Phone, Standard Phone, and Elite Package with Starter Plan Plus. [7]

Sparklight offers three cable TV plans: Economy Cable TV, Standard Cable TV, and Elite 100 Plus. [8] Cable TV can also be accessed on Apple iPhone, Android, Windows, Roku, Xbox One, Xbox 360, and Nook through Sparklight's TV Everywhere service. Sparklight offers a Digital Value Pack which includes channels such as Red Zone, HBO, and Showtime as add-ons. Cable channels owned by Paramount Global that were owned by Viacom before the merger with CBS Corporation that formed Paramount are notably absent from Cable One's lineup after 2014 due to disagreements between Viacom and Cable One. [9]

Its Cable TV service previously used a single cable connected directly to the TV to provide channels, but switched to using a cable box in early 2015 to provide channels. Cable One had promised superior image quality with their cable boxes, but some customers have reported that the cable boxes often display poor image quality.[ citation needed ]

In 2020, Cable One announced a new IPTV-based service, Sparklight TV, which was made available to many areas throughout 2021. Existing cable customers are not yet required to transfer to Sparklight TV, but cable through a cable box is no longer offered to new customers. [10]

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References

  1. ↑ "FORM 10-K December 31, 2022 Cable One, Inc". EDGAR . U.S. Securities and Exchange Commission. 2023-02-24. Retrieved 2023-11-11.
  2. ↑ "About Sparklight (Formerly Cable ONE)". www.sparklight.com. Retrieved 2019-11-13.
  3. ↑ "U.S. SEC filing -Cable ONE Information Statement". www.sec.gov. Retrieved 2023-01-19.
  4. ↑ "U.S. Cable One, Inc. List of SEC filings". www.sec.gov. Retrieved 2023-01-19.
  5. ↑ Farrell, Mike (12 December 2018). "Cable One to Become Sparklight in Summer 2019". Multichannel News.
  6. ↑ "The future of cable may be no TV at all, as one small company from Arizona shows". CNBC . 3 March 2019.
  7. ↑ "Landline Phone Service for your Home | Sparklight". www.sparklight.com. Retrieved 2019-11-13.
  8. ↑ "Cable TV Packages with Online Streaming | Sparklight". www.sparklight.com. Retrieved 2019-11-13.
  9. ↑ "Viacom Channels Removed from Cable ONE Line-Up".
  10. ↑ "Sparklight Cable Customers Transitioning to Sparklight TV".
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