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ENGLEWOOD, CO – WideOpenWest, Inc. (NYSE:WOW), a cable and pay television service provider, has reported a cybersecurity incident involving suspicious activity on its back-office cloud platform. The event was disclosed in a regulatory filing with the Securities and Exchange Commission on March 28, 2025. The company, currently valued at $398 million, operates with a significant debt burden of over $1 billion, according to InvestingPro data.
The company detected the activity and promptly disabled access to the compromised application. WideOpenWest’s incident response team is currently investigating the breach. As of the date of the filing, the company has stated that the incident has not significantly disrupted their operations nor is it expected to materially affect their financial condition or operating results. This comes as the company faces operational challenges, with revenue declining 8.13% in the last twelve months and a concerning current ratio of 0.61, indicating potential liquidity constraints.
According to the company, there is no evidence at this time to suggest that any sensitive personal information was accessed by unauthorized individuals. WideOpenWest has not provided further details on the nature of the suspicious activity or the potential source of the breach.
Investors and customers of WideOpenWest are being reassured that the company is handling the situation with due diligence and care. The company’s quick response to the incident reflects its commitment to maintaining the security and integrity of its systems and data.
This news comes as cybersecurity remains a critical issue for companies across all industries, with businesses investing heavily in protective measures to guard against the increasing threat of cyber attacks.
The information for this article is based on a press release statement from WideOpenWest, Inc. and the details contained within their SEC filing.
In other recent news, WideOpenWest reported mixed results for its Q4 2024 earnings, with an earnings per share of -$0.13, aligning with analysts’ expectations. However, the company’s revenue of $152.6 million fell short of the forecasted $154.42 million. Despite this revenue miss, WideOpenWest’s adjusted EBITDA improved by 3.5% year-over-year, reaching $73.7 million, reflecting operational efficiencies. The company also faced a 3.5% decline in high-speed data revenue, which totaled $104.9 million, amid competitive market pressures. In other developments, WideOpenWest is reportedly in advanced talks with a consortium led by DigitalBridge and Crestview Partners for a potential acquisition. The terms of this deal have not been finalized, and there remains a possibility that it may not proceed. Meanwhile, the company continues its focus on fiber expansion, aiming to pass 400,000 new homes in the coming years. Analysts from firms such as Raymond (NSE:RYMD) James have focused on WideOpenWest’s competitive positioning and strategies during recent discussions, though the company has not provided updates on the acquisition talks.
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