Time Warner Cable Reports 2008 Third-Quarter Results

NEW YORK, NY — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its third quarter ended September 30, 2008.

Revenue generating units (“RGUs”) totaled 34.2 million at September 30, 2008 – reflecting net additions of 522,000, the 14th consecutive quarter of RGU growth exceeding 500,000. Customer relationships were 14.7 million, and Triple play subscribers approached 3.0 million (or 20% of total customer relationships), benefiting from 168,000 net additions during the third quarter.

Selected Subscriber Data (in thousands):

                                                            Net
                                                      Additions
                                 9/30/08   6/30/08   (Declines)
                                 -------   -------   ----------
Revenue generating units(a) ....  34,151    33,629          522
Customer relationships(b) ......  14,750    14,737           13
Double play subscribers(c) .....   4,811     4,760           51
Triple play subscribers(d)......   2,992     2,824          168
Bundled subscribers(e) .........   7,803     7,584          219
Homes passed(f).................  26,830    26,726          104
Basic video subscribers(g)......  13,266    13,297         (31)
Digital video subscribers(h) ...   8,607     8,483          124

(a) Revenue generating units represent the total of all basic video, digital video, high-speed data and voice subscribers.
(b) Customer relationships represent the number of subscribers who receive at least one level of service, encompassing video, high-speed data and voice services, without regard to the number of services purchased. For example, a subscriber who purchases only high-speed data service and no video service will count as one customer relationship, and a subscriber who purchases both video and high-speed data services will also count as only one customer relationship.
(c) Double play subscriber numbers reflect customers who subscribe to two of the Company’s primary services (video, high-speed data and voice).
(d) Triple play subscriber numbers reflect customers who subscribe to all three of the Company’s primary services (video, high-speed data and voice).
(e) Bundled subscriber numbers reflect customers who subscribe to two or more of the Company’s primary services.
(f) Homes passed represent the estimated number of service-ready single residence homes, apartment and condominium units and commercial establishments passed by the Company’s cable systems without further extending the transmission lines.
(g) Basic video subscriber numbers reflect billable subscribers who receive at least basic video service.
(h) Digital video subscriber numbers reflect billable subscribers who receive any level of video service via digital transmissions.

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