Time Warner Cable 2008 Annual Report Download - page 3

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TIME WARNER CABLE 2008 ANNUAL REPORT
Dear Time Warner Cable Stockholders, Employees and Communities:
Overall, 2008 was a good year for Time Warner Cable,
despite the severe economic slowdown.
While many businesses and industries contracted,
we continued to grow, although at a slower pace than
in 2007. We made progress in enhancing our services
and distinguishing them from competitors’ o erings.
Further, our sales of video, data and voice services to
businesses grew signi cantly as we focused more resources
on commercial growth opportunities.
Yet Time Warner Cable was not immune to the
unprecedented economic conditions and to the pressures
of expanding competition. The recession negatively
a ected our ad sales in 2008, just as it a ected most
advertising businesses. In addition, we began to see
slower customer growth across our residential services
late in the year.
Still, our subscription relationships with more than
14 million customers provide a buffer against the
economic challenges. We’re working to strengthen
those relationships by making our customers’ lives
simpler and easier through the powerful connections
we provide in their homes and businesses.
Glenn A. Britt
Chairman, President & Chief Executive O cer