Time Warner Cable the second-largest cable company in the US swung to a fourth-quarter profit after its year-ago results were dragged down by big write-downs related to its spin-off from Time Warner.

The cable company continued losing video subscribers and overall customers during the quarter amid rising competition and a weak economy. It was able to increase total subscription revenue by 4.2 per cent by adding high-speed Internet and digital phone subscriptions, but the company’s subscriber growth continued to slow.

Time Warner Cable said total video subscribers in the fourth quarter declined by 105,000 to end the year at 12.86 million. Net income attributable to Time Warner Cable was $322 million, revenue rose 3 percent to $4.5 billion, in line with expectations.

Other posts by :

1. Hughes Satellite facing cash crunch
2. Major banks support AST SpaceMobile
3. Fitch downgrades DirecTV debt
4. BBC: You’ll miss me when I’m gone
5. Some new US Starlink subs face $1,000 start-up fee
6. Project Kuiper beating OneWeb
7. OQ Tech gets Luxembourg 5G-by-Sat concession
8. Roskosmos: Heads roll, launch project scrapped
9. MDA under pressure over satellite order

Categories: Articles, Business, Results