Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Time Warner Cable Misses, Comcast Merger Slow

Rob Marcus x640

 

Time Warner Cable missed on earnings due to lower subscriptions. CEO Robert Marcus reported the merger with Comcast was going “somewhat more slowly” than expected. Residential video fell 4%. The company missed revenue expectations by $40 million.

According to a press release, Robert Marcus said, “We are executing well, against our plan, with solid financial performance and strong subscriber momentum. We continue to expect the Comcast merger to close by 2015. ”

There were bright spots in the quarter, with data revenue up and more high speed data additions. Stocks of Comcast and Time Warner were up on the approval of the merger, but shares were seen as vulnerable on potential disappointments by either company.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement