Time Warner Cable’s Net Profit Rises on High-Speed Revenue Growth
Time Warner Cable Inc.’s second-quarter profit rose 7.6 percent as the cable provider’s revenue was boosted by growth in its high-speed services segment, but the company continued to lose video subscribers.
Time Warner Cable, the second-largest U.S. cable television provider behind Comcast Corp., has struggled alongside other cable providers against television networks as disputes over programming costs have caused rounds of blackouts for consumers. Cable providers claim the programmer’s fee increases are excessive and lead to higher prices for customers, while networks maintain they are only asking for a fair deal.
