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Time Warner Cable video subscribers down 217,000 in 4Q 2013
2014-01-30 14:30:04| Digital TV News
Time Warner Cable (NYSE:TWC) has reported results for its fourth quarter ended December 31, 2013. Residential video revenue decreased, driven by declines in video subscribers and premium network revenue.
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Time Warner Cable loses 217,000 TV customers in Q4
2014-01-30 13:24:00| Telecompaper Headlines
(Telecompaper) Time Warner Cable announced plans to increase its dividend 15 percent, after reporting a strong increase in net profit and cash flow for the fourth quarter. However, the cable operator continued to lose customers, shedding another 217,000 TV subscribers in the three months. TWC blamed the losses on its carriage dispute with CBS and said the customer trend improved month to month in the course of Q4 and January, and it was confident about the long-term outlook. Revenues for Q4 were up 1.7 percent year-on-year to USD 5.58 billion, and adjusted OIBDA rose 1.6 percent too USD 2.03 billion. EPS increased 12.5 percent to USD 1.89, helped by share repurchases. Capex was cut 8.5 percent to USD 827 million, helping free cash flow rise 31.7 percent to USD 773 million. Residential ARPU was up 2.2 percent from a year earlier to USD 106.03, driven by more customers on faster broadband plans. Customers taking speeds of at least 30 Mbps doubled year-on-year to 910,000. The total broadband base grew by 39,000 subscribers in three months to December to 11.089 million at year-end, almost equal to the TV base of 11.197 million customers. Telephony customers rose by 1,000 sequentially to 4.806 million at end-2013. The number of business customers rose by 18,000 in the three months to 624,000.
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Comcast, Charter near pact on Time Warner Cable deal: report
2014-01-27 23:33:26| Telecom - Topix.net
Charter Communications Inc has agreed in principle to sell Time Warner Cable Inc's New York, North Caroline and New England assets to Comcast Corp , if it succeeds in buying Time Warner Cable, according to a Bloomberg report on Monday.
Comcast eyes Time Warner Cable's East Coast markets - source
2014-01-25 04:15:01| Telecom - Topix.net
Discussions between Comcast Corp and Charter Communications Inc have gotten more substantive in recent days, partly because Comcast felt takeover target Time Warner Cable was seeking too high a price for itself, the person said on Friday.
Time Warner Cable mimics an Airgas negotiating move
2014-01-23 02:44:53| Chemicals - Topix.net
"Time Warner can't do that ... because if Charter runs a proxy contest, it can replace the entire board."
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