Time Warner Cable Loses More Basic Cable Subscribers But Keeps Earnings Afloat With Continued TV, VoIP Growth Yesterday Comcast announced they'd lost 176,000 cable subscribers on the quarter, fewer than analysts had expected. Time Warner Cable's earnings, released today, indicate Time Warner Cable lost 169,000 basic video subscribers during the second quarter, more than analysts expected. Fortunately for Time Warner Cable, the company still saw net income of $452 million after revenues of $5.4 billion, thanks to the addition of 59,000 broadband and 45,000 voice subscriptions. Despite the company's claims that flat rate broadband pricing wasn't sustainable, there continues to be no evidence of that in company earnings, profits seeing a 7.6% jump on the quarter.
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 | | wow Time Warner nearly lost the same amount of TV customers as Comcast, and Comcast is twice as large, ouch. | |
|  | | | Re: wow I wouldn't worry about it. Their ratio's are good as revenue per subscriber keeps going up, and they are well on their way to ensuring their broadband offering is a solid financial play by monetizing usage. | |
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iansltx
join:2007-02-19
Golden, CO
kudos:2 Reviews:
 ·Verizon Online DSL
 ·RoadRunner Cable
·Comcast
| I'm pretty much one of the 59,000 AT&T is slow at my new place (3 Mbps) and TWC is the only other residential option that isn't cellular or satellite. So a tech is coming the day after I move in to install 50 Mbps service for $80 + modem rental per month. I won't ever get phone or TV service from TWC, but if Time Warner offered a tier with faster uploads, I'd pay more for it. I suppose they'd call me a profitable customer... | |
|  RadioDocYeah, like it matters.Premium,ExMod 2000-03
join:2000-05-11
La Grange, IL
kudos:2 | Subhead clean-up, aisle 6 How do you lose basic cable (TV) subscribers but keep earnings afloat with continued TV, VoIP growth? Isn't that a bit mutually exclusive? | |
| | | | Re: Subhead clean-up, aisle 6 Maybe they are comparing basic cable to digital cable or other higher tier offerings? | |
| |  OctaveanPremium,MVM
join:2001-03-31
New York, NY
kudos:1 | Not sure about that one.
I have heard that some cable companies will charge more if you drop basic cable TV but keep Internet broadband access. ClearQAM would still work most likely which is part of the reason they want to start encrypting everything. | |
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 antdudeA Ninja AntPremium,VIP
join:2001-03-25
United State
kudos:4
·RoadRunner Cable
| +1 new subscriber from my family. Since the new house (rural ranch small mountain/giant hill) can't get good/stable over the air (OTA) feeds, no DSL/FIOS in Verizon area, and still need a landline for phone services (e.g., Fax).  | |
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Look for almost pricing parity on 2play vs 3 play. (moving phone is a PITA)