Written by: Roshan Dwivedi
It isn’t quite time for the pay-TV industry to face the armies of analysts and shareholders waiting to drive down stock prices based on fears of cord-cutting (annual earnings reports won’t be released until closer to the end of the month), but Time Warner Cable has some good news to share. And Rob Marcus, the company’s chairman and CEO, said Monday he could no longer contain it.
Time Warner Cable, he said, actually beat the odds (read VOD services) added 32,000 net residential TV subscribers in 2015.
This is the first annual increase in net video subscribers by any cable provider since 2009, according to research from Leichtman Research Group (LRG). The last company to post an increase was Insight Communications, which was acquired by TWC in 2011. If you’re looking for the last net increase for a major cable player, says LRG President and Principal Analyst Bruce Leichtman, you’d have to go back to 2006, when Comcast and Cablevision posted gains. Comcast is the largest U.S. cable provider; TWC is the second largest.
Source : IB Times