Media

Time Warner Cable Earnings: Subscriber Losses Grow

Published on October 31, 2013
by Shalini Ramachandran

Time Warner Cable Inc. lost far more TV customers than expected in the third quarter, and for the first time lost Internet subscribers, largely due to its month-long dispute with CBS Corp. during the quarter, executives said.

The subscriber losses, also due to continued competition from phone companies, are likely to increase investor pressure on Time Warner Cable to be more open to merger overtures from Charter Communications Inc. and its 27 percent shareholder, Liberty Media Corp., investors and analysts said. Time Warner Cable Chief Executive Glenn Britt has so far rebuffed the overtures, made earlier this year, and he told analysts on a conference call on Thursday that his thinking was influenced by disastrous mergers of the past, including that of Time Warner Inc. and AOL in 2000.

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