Who is Time Warner Cable?
Time Warner Center, the headquarters of the company in New York City. It is shared by its namesake, but now unrelated company, Time Warner. Time Warner Cable building entrance in Morrisville, North Carolina
Time Warner Cable Inc. (TWC) (NYSE: TWC) (formerly Warner Cable Communications) is an American cable telecommunications company that operates in 28 states and has 31 operating divisions. Its corporate headquarters are located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Cambridge, Massachusetts; Columbus, Ohio; Buffalo, New York; Charlotte, North Carolina; and Herndon, Virginia.
Originally controlled by Time Warner, that company spun out the cable operations in March 2009 as part of a larger restructuring. Since then, Time Warner Cable has been an entirely independent company, merely continuing to use the Time Warner and Road Runner brands under license. Time Warner Cable does own several local news and sports channels, but it no longer has any corporate affiliation with national cable channels such as CNN or HBO, which remain the property of the original Time Warner.
Time Warner Cable was formed in 1989 through the merger of Time Inc.'s cable television company, American Television and Communications Corp., and Warner Cable, a division of Warner Communications, as a result of a merger to form Time Warner. It also includes the remnants of the defunct QUBE interactive TV service. In 1995, the company launched the Southern Tier On-Line Community, a cable modem service now known as Road Runner High Speed Online. That same year, talks began that would later result in Warner's acquisition of Paragon Cable.
Time Warner retained Time Warner Cable as a subsidiary until March 2009, when it was spun out as an independent company. Prior to the spin-out, Time Warner had held an 84% stake in Time Warner Cable. Non-Time Warner shareholders received 0.083670 shares for each share already owned. This move made Time Warner Cable the largest cable operator in the United States owned solely by a single class of shareholders (without supervoting stock).
Time Warner Cable Arena is located in Charlotte, North Carolina. In April 2008, the Charlotte Bobcats reached a naming rights deal with Time Warner Cable, the Charlotte area's only cable television provider. Under this deal, Bobcats Arena will be renamed Time Warner Cable Arena. In return, Time Warner agreed to tear up the cable television deal that had limited the Bobcats' exposure over the team's first four years. Starting with the 2008â€“09 season, most Bobcats games will be seen on FSN South and SportSouth in North and South Carolina.
- Time Warner Cable Arena (2008 - present, known as Charlotte Bobcats Arena 2005 - 08)
On March 9, 2007, Time Warner Cable, which provides service to the local area, northeastern Wisconsin, signed a 10-year naming rights deal. The field is home of the Wisconsin Timber Rattlers, a local minor league baseball team of the Midwest League, based in Grand Chute, Wisconsin.
Advance/Newhouse and Time Warner (Bright House Networks spin off)
Some of the regional cable system clusters operated by Time Warner Cable are owned by the Time Warner Entertainment - Advance/Newhouse Partnership (TWEAN). In 2002, Advance/Newhouse Communications, unhappy with some of the operating policies of Time Warner Cable in the AOL Time Warner era, forced a restructuring of the TWEAN partnership such that Advance/Newhouse would actively manage and operate a portion of the jointly owned cable systems equal to their percentage of equity. Under this arrangement, Advance/Newhouse enjoys the proceeds of their actively managed systems rather than simply a percentage of the partnership's total earnings. The majority of the affected systems are in the Tampa and Orlando markets under the Bright House Networks brand.
The value of this deal is that it allows Advance/Newhouse to more directly control their cable investments without having to completely unravel the TWEAN partnership, which does bring some benefits via Time Warner's development and purchasing clout.
Sprint Nextel Venture
In late 2005, TWC and several other cable companies formed a venture with Sprint Nextel. This joint venture enables TWC customers to receive a full suite of products, linking in-home and out-of-home entertainment, information, and communications services. All of this was included in the new "Triple Play On The Go", similar to the Triple Play but an addition of new services through Sprint Nextel.
Time Warner Cable ident used until 2010.
- West Coast Cluster
- California - Barstow, Desert Cities, Los Angeles, (north) San Diego, San Bernardino
- Hawaii (Operating as Oceanic Time Warner Cable)
- Midwest Cluster
- Kansas - Kansas City
- Missouri - Kansas City
- Ohio - Akron, Cincinnati, Cleveland, Columbus, Dayton, Findlay and Youngstown
- Pennsylvania - Erie County, Sharon
- Wisconsin - Green Bay and Milwaukee
- Northeast Cluster
- New Hampshire - Berlin, Keene
- Massachusetts - Athol, Pittsfield
- Upstate New York
- New York Cluster
- New Jersey - Bergen County, Hudson County
- New York - New York City (Manhattan, Queens, Staten Island, most of western Brooklyn)
- The Carolinas Cluster
- North Carolina - Charlotte, Raleigh, Greensboro, and Wilmington
- South Carolina - Columbia, Sumter, Florence, Summerville, Hilton Head and Myrtle Beach.
- Texas Cluster
- Texas - Arlington, Austin, Beaumont/Port Arthur, Corpus Christi, Dallas, El Paso, Harlingen, Killeen/Temple, Laredo, Rio Grande Valley, San Antonio, Waco, and Wichita Falls
- (Coincidentally, the Irving-Grapevine-Coppell-Lewisville cluster was previously under Time Warner Cable's control upon acquisition of Paragon Cable. This was prior to AT&T Broadband's full absorption of that cluster.)
- Not in a Cluster (National)
- Alabama - Dothan, Enterprise
- Arizona - Yuma
- California - El Centro
- Colorado - Gunnison, Telluride
- Idaho - Coeur d'Alene, Moscow
- Indiana - Terre Haute
- Washington - Pullman
- West Virginia - Clarksburg
Time Warner Cable's Divisions, from official website.
- West Coast Region
- Oceanic Time Warner Cable (Hawaii)
- Time Warner Cable Desert Cities
- Time Warner Cable San Diego
- Time Warner Cable Southern California
- Midwest Region
- Time Warner Cable Kansas City
- Time Warner Cable Nebraska
- Time Warner Cable Northeast Ohio & Western Pennsylvania (Akron & Youngstown)
- Time Warner Cable Mid-Ohio (Columbus)
- Time Warner Cable Southwest Ohio (Dayton; Cincinnati; Lexington, KY; Terre Haute, IN)
- Time Warner Cable Wisconsin (Milwaukee & Green Bay)
- Northeast Region
- Time Warner Cable Albany
- Time Warner Cable Buffalo
- Time Warner Cable Rochester
- Time Warner Cable Central New York
- Time Warner Cable New England
- New York Region
- Carolina Region
- Time Warner Cable Charlotte
- Time Warner Cable Greensboro
- Time Warner Cable Eastern Carolina
- Time Warner Cable Raleigh
- Time Warner Cable South Carolina (Columbia)
- Texas Region
- Time Warner Cable National (non-clustered systems)
Former divisions sold to Comcast
- Time Warner Cable Houma
- Time Warner Cable Houston
- Time Warner Cable Lake City/Live Oak
- Time Warner Cable Mid-South (Memphis, TN, AR, and MS)
- Time Warner Cable Minnesota
- Time Warner Cable Shreveport
- Time Warner Cable St. Augustine/Palatka
- Time Warner Cable Cape Coral/Naples
As of second quarter 2009, there were 14.6 million basic cable subscribers, 8.8 million Digital cable subscribers, 8.7 million Road Runner residential subscribers, 2.5 million DVR subscribers, and 4 million residential Digital Phone subscribers.