Cablevision (NYSE: CVC) posted a $6.6 million profit in Q4, compared to the year before’s net loss of $23.9 million. On the revenue front, Cablevision gained 10.8 percent in the quarter, coming in $1.8 billion. The earnings release comes a few days after reports began to circulate that the Bethpage, N.Y. cable operator was looking at a variety of ways to boost shareholder value, including the possible sale of its Rainbow Media Holdings programming unit. Additionally, the move comes several months after shareholders rejected the Dolan family’s bid to take Cablevision private. Some of the highlights in the morning release included:

-- For the full year 2007, consolidated net revenue increased 11.3 percent to $6.4 billion. The growth was attributed to the addition of 798,000 Revenue Generating Units (RGUs) as well as contributions from the Rainbow and Madison Square Garden units.

-- Cable TV Q4 net revenues increased 8.6 percent to $1.1 billion and and operating income rose 32.6 percent to $266.7 million. Basic video customers were up about 1,000 from September 2007 and down less than 4,000 or 0.1 percent, from December 2006.

-- The company said it saw an increase in the number of iO: Interactive Optimum digital video customers, which were up 43,000 or 1.7 percent from September 2007 and 181,000 or 7.4 percent from December 2006. Optimum Online high-speed data customers were up 62,000 or 2.8 percent from September 2007 and 243,000 or 11.9 percent from December 2006.

Earnings release | Webcast (10:00 AM EDT)