Time Warner Cable Loses 215,000 TV Customers in Fourth Quarter
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Time Warner Cable Inc. lost 215,000 video subscribers in the fourth quarter amid competition with phone carriers and the challenge of convincing younger consumers to pay for TV.
The defections brought Time Warner Cable’s customer losses for the year to about 825,000, up from 530,000 in 2012. The company added 55,000 high-speed Internet subscribers and 15,000 phone users in the fourth quarter, Chief Financial Officer Artie Minson said today at an investor conference.