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TIME WARNER CABLE REPORTS 2008 FULL-YEAR AND FOURTH-QUARTER RESULTS

Release Date: 02/04/2009

Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its full year and fourth quarter ended December 31, 2008.

Time Warner Cable President and Chief Executive Officer Glenn Britt said: “In 2008, Time Warner Cable continued to grow as many other industries contracted, and we generated impressive levels of free cash flow. While the much slower RGU growth late in the year demonstrated that our business is not immune to economic and competitive forces, we remain confident that our strong subscription relationships will enable us to weather these pressures better than many businesses.”

Britt added: “As we turn to the year ahead, we will focus even more on making our services easy to buy and use, and on delivering them at a great value. We will manage our spending – both operating expense and capital – to fit the economic realities as the year progresses. We’re focused on growing profitability and continuing to deliver healthy free cash flow.”

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