Time Warner Cable 2009 Reports First-Quarter Earnings

NEW YORK, NY — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its first quarter ended March 31, 2009.

Video revenues rose 2% ($64 million) to $2.7 billion, driven by video price increases and continued growth in digital video subscriptions partially offset by a year-over-year decrease in basic video subscribers and premium channel and transactional video-on-demand revenues.

Customer relationships were 14.7 million as of March 31, 2009. Primary service units (“PSUs”), which represent the total of all video, high-speed data and voice subscribers, reached 26.0 million with net additions of 435,000 during the first quarter of 2009. Revenue generating units (“RGUs”) totaled 34.8 million – reflecting net additions of 556,000 during the first quarter of 2009. Triple Play subscribers exceeded 3.2 million (or 22% of total customer relationships), benefiting from 146,000 net additions during the first quarter of 2009. Over 55% of customers received bundled services as of March 31, 2009.

Subscriber Data:

                                                 Net
                                           Additions
                                          (Declines)
                            12/31/08  (in thousands)   3/31/09
                            --------  --------------  --------
Video subscribers             13,069              36    13,105
Digital video subscribers      8,627             121     8,748

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