Time Warner Cable added 182,000 cable modem customers in Q4 2003, ending the year with 3.2 million, a rise of 802,000 customers. Its cable modem penetration rate rate currently stands at 17% of eligible homes passed.
Basic cable subscribers increased at an annual rate of 0.1%. Time Warner Cable added 602,000 net digital video subscribers during 2003 (an increase of 136,000 during Q4 2003) to reach a total of 4.3 million, representing 40% of basic cable subscribers.
Meanwhile, the company’s America Online division continued to lose subscribers and advertising revenue. As of 31-Dec-2004, the AOL service had 24.3 million members in the U.S., a decrease of 2.2 million for the year (a decline of 399,000 during Q4). The quarter’s decline represents a decrease of 830,000 billed subscribers that was offset partially by an increase of 431,000 members in retention programs. The AOL service in Europe had nearly 6.4 million members, essentially flat with a year ago (an increase of 91,000 from September 30, 2003). Subscription revenues in the U.S. were essentially flat, reflecting a year-over-year increase in broadband subscribers, offset by a decline in US narrowband membership. http://www.timewarner.com/
