Time Warner Cable loses video subscribers
Third quarter results from Time Warner Cable, the second largest US cable operator, reveal that the company lost 140,000 video customers during the quarter. It added 85,000 Internet customers, but no phone subscribers in the residential segment.
Broadband services revenue grew 14.3 per cent, including additions from Insight Communications. Time Warner Cable acquired Insight for $3 billion to expand in Kentucky, Ohio and Indiana.