Time Warner Cable Inc shed 215,000 video subscribers in the fourth quarter but added about 40,000 high-speed Internet home customers, its chief financial officer said on Wednesday.That marked an improvement from the third quarter for a cable company that's the subject of takeover speculation. It lost 304,000 video customers, almost double the number Wall Street investors had expected, and 24,000 Internet users during that period.Chief Financial Officer Arthur Minson said the company has seen favorable trends so far in January, after having added 60,000 subscribers in December - 40,000 more than it managed in the same month a year earlier."Seven of the last eight weeks have been a little bit better than last year so we have our mojo back on the subscriber side, and we're very optimistic as we head into the year," Minson told an investor conference held on the sidelines of the Consumer Electronics Show in Las Vegas.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.67% or $-0.9/share to $134.00. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2541310 shares of TWC exchange hands on a given day and today's volume is recorded at 885647.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 2.33% or $-1.575/share to $65.92. In the past year, the shares have traded as low as $48.84 and as high as $70.77. On average, 4207750 shares of TWX exchange hands on a given day and today's volume is recorded at 2833756.
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