Time Warner Cable Sees Strong Q2
Quarterly income rose 14% thanks to Internet and TV businesses
By Mark Robichaux--Multichannel News -- Broadcasting & Cable, 7/29/2009 10:22:17 AM
Noting its solid performance in the quarter, Time Warner CEO Glenn Britt said: "Despite the tough economic environment, we continue to grow, unlike many other businesses."
The earnings report, the first since the cable company was officially spun-off from Time Warner Inc. in March, beat analysts' expectations and reflects much of the cable industry's health: doing better than other media sectors, particularly broadcasting, but still suffering the pains of a weak ad market and unnerving basic cable-TV subscriber defections.
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