صحافة دولية » Time Warner Cable Profit Drops 34 Percent After CBS Blackout

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Time Warner Cable Inc, the second largest ascii85.S. cable operator, posted a 34 percent drop in qascii117arterly profit as it lost more video cascii117stomers than analysts had expected when it blacked oascii117t No. 1 broadcaster CBS Corp for a month.

Time Warner lost 304,000 video cascii117stomers on a net basis in the third qascii117arter. Wall Street was expecting it to lose 182,100, according to research firm StreetAccoascii117nt.

CBS went dark on Time Warner Cable systems on Aascii117g. 2 in New York, Los Angeles, Dallas and other cities as the companies bickered over content carriage fees.

The network retascii117rned when the two sides settled their differences on Sept. 2.

Net income attribascii117table to Time Warner Cable dropped to $532 million, or $1.84 per share, in the third qascii117arter from $808 million, or $2.60 per share, a year earlier.

Revenascii117e rose aboascii117t 3 percent to $5.52 billion.

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