Time Warner Cable Inc.
Time Warner Cable cuts forecast

Time Warner Cable Inc., the cable company awaiting approval to merge with Comcast Corp., reported profit that trailed analysts' estimates and cut its sales forecast as it continues to lose video subscribers. Third-quarter earnings, excluding some items, fell to $1.86 a share, compared with analysts' average estimate of $1.90. Time Warner Cable lost 184,000 video customers, and rising costs for sports programming cut into profit. The company lowered its revenue forecast for the year to $22.8 billion, below every analyst estimate compiled by Bloomberg. Time Warner Cable and Comcast are relying more on broadband users for revenue growth as new TV subscribers prove harder to come by....