A few years ago you might recall that Time Warner Cable executives claimed they wouldn't be able to survive financially if they weren't allowed to start billing users by the byte. Several years after that proposal was shot dead by public outrage, and flat-rate broadband pricing continues to treat the company very well. Time Warner Cable's fourth quarter earnings show a 44% jump in fourth quarter net profit, with double-digit gains in broadband, VoIP and wholesale transport services revenue. Though the company stoically continues to deny the impact of Internet video, they're seeing continued pressure from cord cutting and telcoTV, resulting in a loss of 129,000 video subscribers. Those losses were countered however by the addition of 130,000 broadband subscribers.
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Time Warner Cable Net Profit Jumps 44% - Guess Metered Billing Wasn't Necessary After All?
Posted: January 26th, 2012, 7:38am MST