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Time Warner Cable Falls Below Earnings Expectations, Adds Video Subscribers For First Time Since 2009
2015-05-01 03:12:50| Telecom - Topix.net
Time Warner Cable Inc , who's merger with Comcast recently fell through thanks to fierce FCC and consumer opposition, unveiled its first quarter 2015 financials on Thursday morning before the stock markets opened, reporting earnings of $1.65 per share on $5.78 billion in revenue. Wall Street analysts had forecasted EPS of $1.88 on $5.8 billion in revenue, according to Yahoo Finance.
Time Warner Cable returns to TV customer growth in Q1
2015-04-30 18:22:00| Telecompaper Headlines
(Telecompaper) Time Warner Cable returned to net growth in TV subscribers in the first quarter, its first increase since 2009. The cable operator added 30,000 new TV customers in the three months, for a total 10.819 million at the end of March. Broadband customers grew by 315,000 in the quarter to 11.990 million, and telephony subscribers increased by 320,000 compared to the end of December to 5.604 million. The company's revenues were up 3.5 percent year-on-year to USD 5.777 billion, with a 2.1 percent increase in residential and 16.9 percent higher sales in the business segment. Adjusted OIBDA rose a slower 0.8 percent to USD 1.996 billion amid an increase in programming costs and investments in customer care and technical operations. Net earnings were down 6.5 percent from a year ago to USD 1.65 per share. After a 36 percent increase in capital expenditure to USD 1.134 billion, free cash flow fell 35 percent to USD 407 million.
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Liberty CEO Greg Maffei's take on the busted Comcast-Time Warner Cable deal
2015-04-28 18:01:03| Telecom - Topix.net
April 27 -- Liberty Media President and CEO Greg Maffei weighs in on the failed Comcast and Time Warner Cable deal. He speaks at the Milken Institute Global Conference 2015 on "Money Clip."
Comcast-Time Warner: Deal or No Deal?
2015-04-28 00:14:52| Telecom - Topix.net
No deal. Comcast will not merge with Time Warner Cable. It seems that all the work toward a $45 million merger is down the drain.
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Charter preparing bid for Time Warner Cable - report
2015-04-27 09:29:00| Telecompaper Headlines
(Telecompaper) Charter Communications could soon make a bid for Time Warner Cable (TWC) following its failure to merge with Comcast, the Wall Street Journal reported, citing people familiar with the matter. John Malone, a backer of Charter and part of Liberty Broadband believes further consolidation would be good for the US cable industry, helping companies deal with the stagnating pay TV business and prompting investments to capitalise on growth in broadband as streaming video takes off.
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