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Time Warner Cable (TWC)

Stock (Cable TV Industry, Internet Industry, Media & Entertainment Industry)

Verizon FiOS TV approved for New York Verizon has been approved to introduce its FiOS TV service to New York. In response, TWC plans on offering discounted prices on triple play services and sending out door-to-door salesmen to preempt Verizon. TWC posts disappointing 3Q results TWC's profit plunged in the 3rd quarter as the company lost 83,000 subscribers, primarily in the Los Angeles and Dallas markets acquired from bankrupt Adelphia last year. The 25% revenue increase to $4 billion was below Wall Street expectations.

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