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Time Warner Cable is expanding its footprint in the capital region of New York with the acquisition of independent Princetown Cable Company, which serves around 600 subscribers in Princetown, Duanesburg and Rotterdam in Schenectady County.
Time Warner already manages cable service for most cable subscribers around the Albany-Schenectady region, but bought Princetown Cable to further solidify its holdings.
Princetown Cable began service in 1990 serving rural areas ignored by then-dominant TCI Cable (later AT&T Cable, then Comcast).
Most customers signed up to get better reception of television signals from nearby Albany and Utica.
Princetown Cable’s lineup of around 100 channels ($82.50/month for digital cable) is dwarfed by Time Warner, and its broadband service is comparatively slow and expensive:
| Princetown Cable’s SpeedZone Internet Speeds & Pricing: | |
| SpeedZone Lite Speeds up to 768kpbs download | $19.95 |
| SpeedZone Regular Speeds up to 1mbps downloads | $32.95 with Cable $42.95 w/out cable |
| SpeedZone Express Speeds up to 5mbps downloads | $44.95 with cable $54.95 w/out cable |
| SpeedZone Turbo Speeds up to 10mbps downloads | $64.95 with Cable $74.95 w/o Cable |
Time Warner Cable agreed to pay $1.2 million for the system, which breaks down to around $2,000 per subscriber.
