Time Warner Cable Loses 128000 Video Subscribers in Q2

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From The Article:

The U.S. No. 2 cable company lost 128,000 TV subscribers during the quarter as competition from satellite and phone companies increased.

Analysts at Collins Stewart had forecast video losses of around 115,000. Executives said they were also hurt by the ongoing weak economy, which has meant fewer new home moves.

The video losses were offset by the addition of 67,000 Internet customers and 45,000 voice customers.

Chief Executive Glenn Britt said the company views Internet services as a very important part of its future.
Read More: Time Warner Cable hurt by rivals for video subs | Reuters
 
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