Time Warner Cable’s 3Q results failed to impress Wall Street on some fronts, with shares closing down 6% Mon. While Comcast is making strides in video, the 2nd largest cable provider continues to struggle, posting a net loss of 140K. Broadband additions of 98K were short of the 111K consensus. Analysts comment on the earnings and TWC’s bright spots, political advertising and the Insight acquisition, are reviewed.
More top stories in today’s CableFAX Daily:
With CTAM’s Summit and Insights conferences going away, the association will lose about a quarter of its staff (8 positions), who primarily work in conferences and on marketing individual memberships, at year-end, according to CTAM pres Char Beales. Read on for more on the association’s big changes.
Cox agrees to carry Time Warner Cable SportsNet and Cablevision makes a deal with NBCU.
And the recovery continues. Despite providers’ efforts to restore services, many outages remained in the hurricane affected areas due to continuous power outages.