Time Warner Cable profits jump to $564 mil

Time Warner Cable profits leaped to $564 million last quarter from $392 million the prior year. Revenue increased 4% to $5 billion.The country's second biggest cabler stated Friday it lost 129,000 video customers last but offset that with the addition of others in high-speed data and voice, creating a good quarter ending the entire year with 14.5 million clients. Boss Glenn Britt stated, "Time Warner Cable's 2011 results demonstrate the ongoing strength in our business amongst rapid alternation in technology and also the consumer marketplace."Last quarter was marked with a carriage fight with NY's Monosodium glutamate Systems. By the very first of the year, Knicks, Rangers and Demons games go dark for TWC subs and also the two companies stay in a standoff.Residential services revenues elevated 2.6% year-over-year to $4.3 billion Video revenue was flat, offset by development in high-speed data and make contact with service.Business services revenues increased 37% to $409 million.Advertising revenue decreased 10% to $242 million mainly consequently of the year-over-year decline in political advertising revenues, the organization stated.Time Warner Cable came back $3.3 billion price of stock to investors throughout the entire year available repurchases and returns. It stated its board has replenished its share repurchase authorization to $4 billion effective today. Contact the range newsroom at news@variety.com