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Time Warner Cable loses subscribers, rivals lick their chops

Time Warner Cable may be the No. 2 provider in the United States, but is losing subscribers and could be acquired by rivals before the end of 2014 (NYSE:TWC)
| Connectivity & Communications News | Posted: Feb 2, 2014 9:36 pm

Cable provider Time Warner Cable suffered through another turbulent year, losing 831,000 paid subscribers in 2013. The No. 2 broadcaster in the United States lost 119,000 during Q1, 191,000 in Q2, 306,000 in Q3, and 215,000 subscribers in Q4 - but still has 11.5 million video subscribers in the United States, though that number is expected to decline further.

 

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Several companies have shown interest in trying to acquire Time Warner Cable, with Charter Communications expected to raise its bid for the struggling cable provider. As Time Warner Cable continues to lose subscribers, both Charter and Comcast are likely to show great interest in picking up the company.

 

Although there are disputing reports of cord cutting, in which subscribers go to Netflix and other online-based services, cable and satellite providers are clearly struggling. Premium subscription channels such as HBO and Starz are increasingly opening up content through connected TVs, tablets and smartphones, which will continue to increase.

NEWS SOURCES:Tvpredictions.com, Reuters.com, I.huffpost.com

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