Time Warner Cable Loses 155,000 TV Customers
Supposedly mythical cord cutters not so mythical...
by Karl Bode 08:09AM Thursday Nov 04 2010 Tipped by FFH
Time Warner Cable is the latest company to release third quarter earnings
, and while profits grew thanks to price increases, the company's earnings highlights that cord cutting is certainly no myth. On the heels of Comcast reporting they lost 275,000 subscribers
, Time Warner Cable says they lost 155,000 video subscribers on the quarter, including digital -- which usually sees gains. That's compared to 64,000 losses last year at this time, when the economy was technically considered to be worse (the economy is traditionally the top reason given by cable execs for this new loss trend). On the other hand, Time Warner added 104,000 broadband customers and 34,000 digital voice customers. As for those lost TV customers, like Comcast, Time Warner Cable is apparently content to believe they're not real