Time Warner, Viacom post upbeat results

Time Warner Cable boosted its first quarter profit by 30 percent by adding more Internet, phone and digital cable TV customers at the same time that it was following an industry trend and losing 42,000 basic video customers, the company reported.

TWC said it earned $214 million (60 cents a share) in the quarter compared to $164 million during the same quarter last year on revenue that rose 5 percent to $4.6 billion.

On the programming side of the coin, ratings and advertising were up for Viacom's TV channels in the first quarter and earnings were up 38 percent to $245 million (40 cents per share) compared to $177 million during the same period last year.

The cable TV channels' success helped offset declining revenue from Viacom's Paramount Pictures movie studio, the media conglomerate said.

For more:
- see this story
- and this story

Related articles:
Time Warner Cable rises up in Q4
Google-Viacom court papers leave a lot to the imagination

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.