Key Developments: Time Warner Cable Inc (TWC.N)
97.95USD
17 May 2013
$0.73 (+0.75%)
$97.22
$97.50
$98.03
$97.20
357,134
543,306
$102.00
$73.69
Latest Key Developments (Source: Significant Developments)
Time Warner Cable Inc Declares Quarterly Dividend
Time Warner Cable Inc announced that it has declared a quarterly dividend of $0.65 per share on the Company's Common Stock, payable in cash on June 17, 2013 to stockholders of record at the close of business on May 31, 2013. Full Article
Time Warner Cable Inc Announces Senior Management Changes
Time Warner Cable Inc announced that Arthur T. Minson, Jr. has been named Executive Vice President and Chief Financial Officer, effective May 2. He will report to Glenn A. Britt, Chairman and Chief Executive Officer. The Company also announced that Irene M. Esteves will be leaving the Company. Full Article
Time Warner Cable Inc Issues FY 2013 EPS Guidance Above Analysts' Estimates-Conference Call
Time Warner Cable Inc announced that it expect to deliver 10% to 15% adjusted diluted EPS growth for fiscal 2013. The Company reported EPS of $6.90 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.54 for fiscal 2013. Full Article
Time Warner Cable Inc CEO Glenn Britt To Step Down By Year End-Reuters
Reuters reported that according Wall Street Journal Time Warner Cable Inc's Chief Executive Officer (CEO) Glenn Britt will step down at the end of the year. A Time Warner Cable spokesman said in a statement that Britt is under contract and if and when he decides to step down, we'll have an announcement. Full Article
Time Warner Cable Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Time Warner Cable Inc announced that for fiscal 2013, it expects organic revenue growth to be around 3% to 4%, comparable to the 3.5% growth rate in 2012. In addition to organic growth, the Company will have a 12 months of Insight revenue in 2013 compared to 10 months in 2012, so the Company expects total reported revenue growth to be in the 4% to 5% range. The Company reported revenue of $21.386 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $22.343 billion for fiscal 2013. Full Article
Time Warner Cable Inc Raises Quarterly Dividend by 16% to $0.65 Per Share
Time Warner Cable Inc announced that it has raised its regular quarterly dividend by 16% to $0.65 per share; $2.60 per share on an annualized basis. The quarterly dividend is payable in cash on March 15, 2013 to stockholders of record at the close of business on February 28, 2013. Full Article
Time Warner Cable Inc Enters Partnership With World Golf Champion Ian Poulter
Time Warner Cable Inc announced that it has partnered with World Golf Champion, Ian James Poulter, in support of its Enjoy Sports Better initiative that helps customers enjoy the sports and teams they love even more. Poulter is an English professional golfer who is a member of the top two professional golf tours, the U.S.-based PGA Tour and the European Tour. He has previously been ranked as high as number 5 in the world rankings. The partnership will feature Poulter in a national advertising campaign as well as appearances at golf tournaments and exclusive opportunities with customers in Time Warner Cable markets. In the next few months, Time Warner Cable customers across its footprint can view a new Enjoy Sports Better commercial featuring Poulter and other top athletes. Additionally, customers will have the chance to meet and greet Poulter at golf tournaments where he will be competing. Full Article
Time Warner Cable Inc And Roku Announces Agreements
Time Warner Cable Inc and Roku announced that the two companies have entered into an agreement to bring TWC TV TM to Roku streaming devices in the U.S. TWC TV is an authenticated service available to subscribers of Time Warner Cable video service at no additional cost and is expected to launch on Roku this quarter. Full Article
Time Warner Cable Inc Bids For Cablevision Systems Corp's Optimum West-Reuters
Reuters reported that Time Warner Cable Inc has made a bid to buy Cablevision Systems Corp's Optimum West business, Bloomberg reported. Cablevision said in November it was looking to sell its cable assets in four western U.S. states that it bought for $1.4 billion in 2010, after it received inquiries about the business. Charter Communications and Suddenlink Communications have also made offers. According to a source, a deal is not likely to be announced until January or February. Full Article
Time Warner Cable Inc Decides To Bow Out Of Ovation-Reuters
Reuters reported that Time Warner Cable Inc is planning to drop arts focused cable channel Ovation, citing its low ratings relative to the cost of carrying the network. Ovation will be removed from Time Warner Cable's channel lineup when its contract expires on December 31. Full Article
Time Warner profit rises on cable network strength
- Time Warner Inc posted a higher first-quarter profit on Wednesday, as growth in its cable networks offset declines in the film, TV entertainment and publishing units.
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