Time Warner Ends 2004 With Strong Gains

Time Warner Cable closed 2004 with healthy quarterly gains for its newest digital services, including high-speed data, VoIP, digital video recorders (DVRs) and subscription video-on-demand (SVOD). North America's second biggest MSO added 197,000 cable modem subscribers in the final quarter, up from 168,000 in the third quarter and 182,000 a year ago. With a gain of 685,000 data customers for the full year, Time Warner ended 2004 with 3.9 million high-speed subscribers. In its first quarterly report on the VoIP business, Time Warner said it closed last year with 220,000 IP telephony subscribers, most of them gained in the final three months. The company also added 153,000 DVR subscribers in the quarter and 493,000 subscribers for the full year to close 2004 with a total of 862,000 DVR customers. In addition, it picked up 171,000 SVOD subscribers in the fall quarter, and 595,000 subscribers for the full year, to end 2004 with a total of 1.5 million SVOD customers. Otherwise, Time Warner added 124,000 digital video subscribers in the quarter, down from 136,000 in the year-ago period, to close 2004 with a total of 4.8 million. For the year, the MSO added 457,000 digital subscribers. The company also reported losses of 14,000 and 35,000 basic cable customers for the quarter and year, respectively, to end 2004 with a toal of 10.9 million basic subscribers.
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