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Today’s quote comes courtesy of Landel Hobbs, chief operating officer of Time Warner Cable.
Speaking at an investor conference in San Francisco, Hobbs said broadband has replaced cable TV as its anchor product, meaning subscribers increasingly refuse to part with it, no matter the price.
“Consumers like it so much that we have the ability to increase pricing around high-speed data,” Hobbs was noted saying by the Wall Street Journal.
Hobbs also reports the cable company continues to grow its Road Runner service at the expense of telephone companies and their lackluster DSL product lines. Much of Time Warner’s broadband growth these days comes from disaffected DSL customers switching providers. Broadband remains a profit center for the cable industry even as revenue from cable television flatlines in a difficult economy.
So let the Money Party begin… your broadband bill is going up, especially in areas where subscribers don’t have many alternatives.
Top executive paycuts are never on the table
Oh BOY! This is just the best news I could have read for Rochester NY!! YEAAAAA!! Can I start paying more now?!?!? Can I??
I am increasingly thinking that Rochester would benefit greatly from an independent, non-profit, “subscriber owned” ISP.
It’s obvious that our options are too confined and TWC is not really interested in providing quality, up to regional standards service. Why should they upgrade anything if nobody else in town is supplying anything equal to or better? Oh and while they are at it, they want to charge more for it.
“I like it so much that I have the ability to switch to the other provider here” me was quoted as saying.
Too bad there is only one other to go too 🙁
I feel like buying broadband service through TWC is like buying water at the ball park. Captive audiance = rediculious pricing.
HOOOBBBBBBBSSSSSSSSS!!!!!! He has a lot of nerve saying that where it can be quoted to any TWC customer. I will cherish this quote forever and make it my personal quote for everything I ever use, and I will read it whenever I feel going into a mindless rage. I will also read it to TWC customer service when I call to cancel whenever I move somewhere I can actually get another ISP
What an insane comment.
TWC should be forced to lease the lines that they hold a monopoly on.
I would cancel in a heartbeat if we had choices.
TWC you dumb bunch of bitches, COMCAST LOSES 200k customers, you lose 100k customers and your best option is to raises prices on a popular product as we have no other choices.
“FASCIST BASTARDS”