Time Warner Cable recently announced its first quarter results. As per the statistics the company’s quarterly profits rose by 30%.
The rise in the profit has come due to high demand of Internet, phone and digital cable-TV by customers. The digital fever has caught up quickly amongst people and with the high quality viewing it gives everyone is going digital. People are switching to digital media like never before. The company added 212,000 residential subscribers and 86,000 home-phone subscribers. They also added 102,000 digital cable-TV customers. The company’s coverage is restricted to Manhattan, Brooklyn, Queens and Staten Island and has managed to get quite decent number of customers which have also added to their profits.
The figures are far more than the company had forecasted. Even though the digital customers are on a rise they are loosing video customers to satellite-TV providers and phone companies that offer video.
The company’s profits rose to $214 million with a rise of 5% to $4.6 billion when compared to past quarter.
The cable company also was profited from the bounce back in advertising sales during the quarter, which rose more than 19% to $173 million. It has also set a target of 15% gain through advertising sales this year.
Time Warner Cable has come out to be the strongest cable stock company with around 40% of the total rally.
Wednesday, May 12, 2010
Philly.com on its way To Digital Innovation
Philly.com which recently underwent new ownership is all set to experiment with digital innovation. The new chief Greg Osberg has promised exciting digital content to the Internet addicts.
Greg Oberg is known for his contribution in Internet and mobile journalism and he becoming the CEO will change the way people look at Philly.com. He plans to take company to a very different level using digital content on devices like cell phones or Apple's new iPad. He also aims at encouraging and rewarding digital innovation. The idea is to make the news paper in the digital age.
The challenge is to make people of Philadelphia area aware of the vast potential of the digital media. They want to build the first major metro news organization to thrive in the digital era and become the most successful regional media company in the nation. They also want to grow the revenue opportunities.
The targets are already set and the responsibility to be accomplished by June is to develop a new direction for the media company while negotiating a new labor agreement with the papers' 14 unions. They will make changes in the way papers and Philly.com deliver news. Technological change is on its way and the employees will get to learn a lot.
With digital media expert Osberg who has worked with names like Verizon Wireless, AT&T, and Alltel etc it looks like Philly.com will be successful in its digital makeover.
Greg Oberg is known for his contribution in Internet and mobile journalism and he becoming the CEO will change the way people look at Philly.com. He plans to take company to a very different level using digital content on devices like cell phones or Apple's new iPad. He also aims at encouraging and rewarding digital innovation. The idea is to make the news paper in the digital age.
The challenge is to make people of Philadelphia area aware of the vast potential of the digital media. They want to build the first major metro news organization to thrive in the digital era and become the most successful regional media company in the nation. They also want to grow the revenue opportunities.
The targets are already set and the responsibility to be accomplished by June is to develop a new direction for the media company while negotiating a new labor agreement with the papers' 14 unions. They will make changes in the way papers and Philly.com deliver news. Technological change is on its way and the employees will get to learn a lot.
With digital media expert Osberg who has worked with names like Verizon Wireless, AT&T, and Alltel etc it looks like Philly.com will be successful in its digital makeover.
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