Author Topic: Cable's numbers don't add up for metered billing  (Read 727 times)

Offline mccoffee

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Cable's numbers don't add up for metered billing
« on: April 30, 2009, 02:16:17 pm »
by Marguerite Reardon Font sizePrintE-mailShare4 comments Yahoo! Buzz
.For an industry that's supposedly struggling to keep up with customer demand for more bandwidth, the nation's two largest cable operators seem to be doing pretty well.

This week Comcast and Time Warner Cable each reported strong earnings, in spite of the fact that Time Warner has said recently that it needs a new business model to handle growing broadband demand.

Comcast beat analysts' expectations and increased profits 5.4 percent to $778 million. Time Warner Cable's profits fell 32 percent, but this was mostly due to costs associated with the split from its former parent company, Time Warner. The company's revenue was actually up 5 percent to $4.4 billion when compared to the same quarter a year ago