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Time Warner Cable lost 169,000 subscribers, spares DirecTV's blushes

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TWC pushed out its second quarter results, showing it's following the trend of shedding customers without hurting the bottom line. It took in $5.4 billion in revenue for the three month period -- with more cash coming from selling higher tiers of service to existing users -- leaving it with a net profit of $452 million. The company reported that it lost 169,000 residential video subscribers but gained 104,000 back across its high-speed data and voice businesses, which it described as "organic decline," but looks more like cord-cutting to us.

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