Time Warner Cable Q4 Sales Fine, Subscriber Growth Tanks
Wed, Feb 4th, 2009
Time Warner Cable (TWC), the second-biggest U.S. cable company, met financial expectations for Q4. But key subscriber growth metrics fell short of expectations.
Why? On the company's earnings call, CEO Glenn Britt outlined the three reasons:
Time Warner Cable was also the latest to write off a big chunk of its investment in high-speed wireless firm Clearwire (CLWR). Specifically, it took a $367 million noncash impairment on its $550 million investment; two-thirds of its investment.
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