Insight Powers Time Warner Cable Q4
Basic video losses improve
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 1/31/2013 9:03:33 AM
Revenue for the second largest cable operator in the country rose 9.9 % to $5.5 billion and operating income before depreciation and amortization (OIBDA) was up about 10.1% in the fourth quarter. For the full year, revenue increased 8.7% and OIBDA was up 8.3%.
Not including the December Insight acquisition, revenue grew 4.2% to $5.2 billion and OIBDA was up 5.6% to about $2 billion in the quarter.
In a statement, TWC chairman and CEO Glenn Britt attributed the increased to the Insight acquisition and strong showings in advanced services and on the advertising front. TWC reported ad revenue of $313 million in the quarter, up 20%
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