Cable One will have a new CEO on January 1 as COO Julie Laulis moves into the top job, succeeding Tom Might who will remain as Executive Chairman.
The company, which The Washington Post spun off in 2015, has been a pace setter for the industry. Its shares are up more than 40% so far in 2016 as it has focused on marketing broadband services, seemingly downplaying video.
It had 315,589 video customers at the end of September, down 13.8% vs the same point in 2015. But the company reported net income of $74.6 million for the first nine months of this year, up 18.4%, on revenues of $612.9 million, up 1.5%.
Cable One made headlines in 2014 when it dropped 15 Viacom channels saying that they had become too expensive with programming that’s too easy to find online. The operator said that the change improved its bottom line, even though it lost some subscribers.
Laulis, who joined Cable One in 1999, has run day-to-day operations, especially in sales, marketing and technology.
She says that she hopes to “build upon the success of our strategic shift to being a residential [broadband] and business services-centric focused company.”
Cable One says, in an SEC filing, that her compensation “has not yet been determined.”
Might, who has run the company since 1994, calls the experience “the thrill of my career.” He will focus on strategy and business development in his new position.
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