TITLE

Buyback Plan Propels Time Warner Cable

AUTHOR(S)
Farrell, Mike
PUB. DATE
November 2010
SOURCE
Multichannel News;11/8/2010, Vol. 31 Issue 42, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on a buyback plan by Time Warner Cable Inc. (TWC) in response to the surging stock market in the U.S. in 2010. TWC chief financial officer Rob Marcus notes that the multiple system operator (MSO) had the potential to repurchase as much as 20% of its stocks as overshadowed by the strong financial numbers in the third quarter. Meanwhile, Cablevision Systems Corp. had also lost basic subscribers in the said period but showed gains in high-speed data and phone customers.
ACCESSION #
57203333

 

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