Time Warner Cable (Spectrum)
“Market Cap $38.16 B As of May 2014
At a Glance
- Industry: Broadcasting & Cable
- Founded: 1989
- Country: United States
- CEO: Robert Marcus
- Website: www.timewarnercable.com
- Employees: 51,600
- Sales: $22.12 B
- Headquarters: New York, New York
#252 Global 2000
- #419 in Sales
- #339 in Profit
- #488 in Assets
- #264 in Market value
Time Warner Cable, Inc. provides video, high-speed data and voice services in the United States. The company offers its residential and business services customers with video, high-speed data and voice services over its broadband cable systems. Its business services also include networking and transport services and, through its wholly owned subsidiary, NaviSite, Inc., manages and outsources information technology solutions and cloud services. It also provides advertising to a variety of national, regional and local customers. Time Warner Cable was founded on March 21, 2003 and is headquartered in New York, NY.“
“Time Warner Cable History
In the late 1940s, entrepreneurs using simple antennas and Army-surplus coaxial cable created the country’s first cable television systems and revolutionized the way Americans watched TV. More than 70 years later, Time Warner Cable (TWC), the second largest cable provider, owns and manages advanced, well-clustered cable systems throughout the United States. Time Warner Cable offers cutting edge digital technology, a rich range of home entertainment and information choices for the whole family to enjoy, and superior service that demonstrates customer satisfaction is our number one priority.
Let’s explore some of the milestones that bring us to today…
Time Warner Cable has a long history of leadership within our industry and has led the way in technical innovation through the use of fiber optics to improve and expand our cable products and services.
- 1968: American Television and Communications (ATC) is founded, planting the roots of today’s TWC.
- 1973: Time Inc. acquires 9% of ATC (and, five years later, agreed to acquire 100% of the company); Warner Communications forms Warner Cable.
- 1989: Merger of Time Inc. and Warner Cable announced, later to become Time Warner Inc.
- 1992: ATC and Warner Cable become Time Warner Cable; NY1 News is launched in New York City.
- 1996: RoadRunner®, the first cable-delivered high speed Internet service, is launched.
- 1999: Digital cable and Video On Demand launched.
- 2003: Digital phone service launched.
- 2005: Triple Play offering is rolled out.
- 2006: TWC gains additional systems and employees with Adelphia acquisition.
- 2007: TWC becomes a public company.
- 2009: TWC separates from Time Warner Inc.
- 2011: TWC acquires NewWave Communications cable systems and business services subsidiary NaviSite to enable “cloud” services.
- 2012: TWC acquires Insight Communications.
- 2013: After 41 years in the cable industry, TWC Chairman and CEO Glenn Britt announces he will retire from the company at the end of the year. The Time Warner Cable Board of Directors elects Robert D. Marcus, the company’s President and Chief Operating Officer, to succeed Mr. Britt as Chairman and CEO, effective January 1, 2014.
- 2013: TWC acquires DukeNet Communications.
- 2014: TWC and Comcast Corporation announce a definitive agreement to merge.”
*Information from Forbes.com and Timewarnercable.com
**Video published on YouTube by “Charter Communications“