Cable TV growth lifts Time Warner profits
May 4th, 2006Time Warner profits are up 60 percent, led by the company’s cable unit.
Time Warner Cable takes in about $87 per basic subscriber each month, up 15 percent. (Eighty-seven dollars?! Think what it would cost without the infomercials.)
TWC added 82,000 basic cable customers—its largest gain in six years. It also won 241,000 net new digital cable users, 346,000 high-speed Internet subscribers and 270,000 telephony customers.
AOL still exists. But let’s not talk about that.
Time Warner Cable plans to launch its mobile phone service with Sprint Nextel later this year.
• Links: Hollywood Reporter, New York Times