CBS Blackout Took a Bite Out of Time Warner Cable Earnings

Operator loses 306,000 subs, $122 million

While there was little doubt that CBS on Sept. 2 walked away the victor in its month-long feud with Time Warner Cable, it wasn’t until this morning that the cost to the operator could be tallied. Quite a heap of cash, as it turns out.

According to Time Warner Cable’s third quarter earnings filing, the company lost 306,000 video subscribers in the period spanning July 1-Sept. 30—nearly double the consensus estimate.

Although TWC didn’t break down the subscriber losses by region—the CBS blackout affected households in operator’s New York, Los Angeles and Dallas footprints—the overall cost of customer churn was steep.

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