Time Warner Cable (NYSE: TWC) (formerly Warner Cable Communications) is an American national cable television company that operates in 27 states and has 31 operating divisions. Its corporate headquarters are located in Stamford, Connecticut, and has other corporate offices in Charlotte, North Carolina; Herndon, Virginia; and Denver, Colorado. Time Warner owns a majority of voting shares in the company, thus controlling it. On April 30, 2008 Time Warner announced that it will completely split with Time Warner Cable during the fourth quarter of 2008, spinning off its 84 percent stake to shareholders.
The company was honored at the 2008 Technology & Engineering Emmy Awards for development of interactive Video-on-Demand infrastructure and signaling, leading to large scale VOD implementations.
| Time Warner Cable, Inc. |
 |
| Type |
Public (NYSE: TWC) |
| Founded |
1989 |
| Headquarters |
Stamford, Connecticut |
| Key people |
Don Logan, Chairman
Glenn A. Britt, President, CEO, Director
Robert D. Marcus, CFO, Senior Executive Vice President
Landel C. Hobbs, COO |
| Industry |
Communications |
| Products |
Digital Cable
Road Runner (ISP) High-Speed Internet
Digital Phone Telecommunications
Pivot Wireless Phone Services
Time Warner Cable Media Sales Cable Advertising
NY1 News Local News Station
RNews Local News Station
Capital News 9 Local News Station
News 10 Now Local News Station
News 14 Carolina Local News Stations
News 8 Austin
Local News Station
Metro Sports Local Sports Station
MetroWeather Local Weather Station
Time Warner Sports 26 Local Sports Station
Time Warner Cable Sports 32 Local Sports Station |
| Market cap |
$25.62 Billion USD (2007) |
| Revenue |
▲ $15.96 Billion USD (2007) |
| Operating income |
$2.77 Billion USD (2007) |
| Net income |
$1.12 Billion USD (2007) |
| Total assets |
$56.6 Billion USD (2007) |
| Total equity |
$24.71 Billion USD (2007) |
| Employees |
44,000 (Jun 2008) |
| Parent |
Time Warner |
| Website |
timewarnercable.com |
Interviewing with Time Warner Cable
The typical Time Warner Cable interview process includes both phone and group/panel interview formats. Most candidates describe their Time Warner Cable interview experience as "Positive" (100%). Candidates rated the overall interview difficulty for Time Warner Cable as "Easy" (2.5 out of 5) compared to interviews at other companies.
Employee Compensation
Time Warner Cable employees a wide variety regular full-time technical workers, most of which are compensated on a salary basis. Some support roles are compensated on an hourly basis. Below are pay details for some of the most common Time Warner Cable salary positions:
- Time Warner Cable Customer Service Representative pay - $12.76/hr (Average, USD)
- Time Warner Cable Marketing Manager salary - $53,455 (Average, USD)
- Time Warner Cable Service Technician salary - $34,750 (Average, USD)
- Time Warner Cable Systems Engineer salary - $71,561 (Average, USD)
- Time Warner Cable Sales Supervisor salary - $41,833 (Average, USD)
History
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. 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.
Arena
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 2008-09 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)
Acquisition of Adelphia
On July 31, 2006, Time Warner Cable and Comcast completed a deal to purchase practically all of Adelphia's assets for $17 billion. Time Warner Cable gained 3.3 million of Adelphia's subscribers, a 29 percent increase, while Comcast gained almost 1.7 million subscribers. Adelphia stockholders received 16% of Time Warner Cable. Time Warner Cable went public effective February 13, 2007, and the company began trading on the New York Stock Exchange on March 1, 2007.
In addition to Adelphia's coverage being divided up, Time Warner Cable and Comcast also agreed to exchange some of their own subscribers in order to consolidate key regions. An example of this is the Los Angeles market, which was mostly covered by Comcast and Adelphia, is now under Time Warner Cable. Philadelphia, previously was split between Time Warner and Comcast, with the majority of cable subscribers belonging to Comcast. Time Warner subscribers in Philadelphia were swapped with Comcast in early 2007. Similarly, the Houston area, which was under Time Warner, was swapped to Comcast. In the Twin Cities, Minneapolis was Time Warner and Saint Paul was Comcast. That whole market is now Comcast.
Advance/Newhouse and Time Warner (Bright House spinoff)
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 partnerships 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 caused 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.
This article uses content from http://www.wikipedia.org
