type wholly owned subsidiary industry telecommunications mass media fate acquired by charter communications founded 1973 ; 43 years ago 1973 as warner cable 1990 ; 26 years ago 1990 as time warner cable founder time warner merger of time inc. & warner communications headquarters time warner center new york new york st louis mo u.s. area served united states key people robert d. marcus chairman ceo products digital cable cable internet digital phone service home security cable advertising local news channels spectrum news regional sports networks spectrum sports spectrum sportsnet spectrum sportsnet la sny parent warner communications 1973 1990 time warner 1990 2009 independent 2009 2016 charter communications 2016 present subsidiaries time warner cable enterprises llc charter communications llc website www.timewarnercable.com time warner center the headquarters of the company in new york city . it is shared by its namesake but now unrelated company time warner . time warner cable building entrance in morrisville north carolina time warner cable twc is an american cable telecommunications company . prior to its purchase by charter communications in 2016 it was ranked the second largest cable company in the united states by revenue behind only comcast operating in 29 states . 1 its corporate headquarters were located in the time warner center in midtown manhattan new york city 2 with other corporate offices in stamford connecticut ; charlotte north carolina ; and herndon virginia . 3 it was controlled by warner communications then by time warner the film and television production company and cable channel operator . that company spun off the cable operations in march 2009 as part of a larger restructuring . since then time warner cable has been an entirely independent company continuing to use the time warner name under license from its former parent it had also used the road runner name for its internet service . in 2014 the company was the subject of a proposed purchase by comcast corporation valued at 45.2 billion ; however following opposition to the deal by various groups along with plans by the u.s. government to try to block the merger comcast called off the deal in april 2015 . on may 26 2015 charter communications announced that it would acquire time warner cable for 78.7 billion along with bright house networks in a separate 10.1 billion deal pending regulatory approval . 4 the purchase was completed on may 18 2016 ; charter continues to do business as time warner cable in its former markets but plans to re brand twc s systems under its spectrum brand in the future . 5 contents 1 history 1.1 sale 2 residential services 3 business services 4 cable internet service 5 naming rights 5.1 current 5.1.1 arena 5.2 former 5.2.1 fox cities stadium 6 acquisitions 6.1 adelphia 6.2 navisite 6.3 insight communications 6.4 dukenet communications 7 advance newhouse and time warner bright house networks spin off 8 venture with sprint nextel 9 controversies 9.1 bandwidth metering 9.2 signal intrusion and accidental transmission of pornography 10 cable clusters 11 divisions 11.1 west region 11.2 east region 11.3 former divisions 12 rankings 13 see also 14 references 15 external links history edit time warner cable was formed in 1992 by the merger of time inc. s cable television company american television and communications corp. service areas that had belonged to that company went under the time warner communications name ; since the 1990s areas that had used that name have either been renamed to time warner cable bright house networks or have been given to other cable providers and warner cable a division of warner communications as a result of a merger to form time warner ; for the two years after the merger the companies operated separately but under the umbrella name time warner cable group primarily due to 18 % of atc having been publicly owned at the time ; they merged into one entity in 1992 . it also includes the remnants of the defunct qube interactive tv service . in 1995 the company launched the southern tier on line community a cable modem service later known as road runner high speed online . that year talks began that would later result in warner s acquisition of paragon cable . glenn britt 1949 2014 6 7 was the ceo from 2001 until december 2013 . time warner retained time warner cable as a subsidiary until march 2009 when it was spun out as an independent company . 8 prior to the spin out time warner had held an 84 % stake in time warner cable . 9 non time warner shareholders received 0.083670 shares for each share already owned . this move made time warner cable the largest cable operator in the united states owned solely by a single class of shareholders without supervoting stock . 10 in june 2009 time warner cable unveiled a concept known as tv everywhere a means of allowing multi platform access to live and on demand content to content from television channels that is tied to a user s television subscription . 11 12 sale edit main article attempted purchase of time warner cable by comcast it was first reported in september 2013 that time warner cable was exploring a sale of the company possibly to charter communications . 13 however on november 22 2013 reports surfaced that comcast expressed interest in acquiring time warner cable . both companies were said to be placing bids for the company . 14 charter reiterated its interest in purchasing time warner cable and increased its bid on january 14 2014 . on february 12 2014 it was reported that comcast had reached a deal to acquire twc in an overall deal valued at 45.2 billion pending regulatory approval . 15 the proposed merger was met with prominent opposition from various groups showing concerns that the sheer size of the combined company would reduce competition and would give comcast an unprecedented level of control over the united states internet and television industries increased leverage in the distribution of nbcuniversal content hamper over the top services and lead to higher prices for its services . 16 17 18 19 in april 2015 it was reported that the u.s. department of justice was preparing to file an antitrust lawsuit against the companies in a bid to halt the merger primarily because the merged company would have controlled 57 percent of the nation s broadband capacity . on april 24 2015 comcast officially announced that it had called off the merger . 20 21 on may 25 2015 bloomberg news reported that charter was near a deal to acquire twc for 195 a share . 22 charter had been involved in the comcast twc merger as the companies planned to divest around 4 million subscribers to charter in order to reduce the combined company s market share to an acceptable level . 23 the next day charter officially announced its intent to acquire time warner cable in a deal valued at 78.7 billion and confirmed that it would also continue with its proposed 10.1 billion acquisition of bright house networks . the deal was subject to regulatory approval although due to the relatively smaller size of the companies and their media holdings the deal was expected to face less resistance than the comcast twc merger . 24 the acquisition was completed on may 18 2016 . the time warner cable brand will be phased out with its services to be transitioned to charter s spectrum brand over the coming months . 25 5 the transition started with the spectrum brand being introduced in southern california on september 20 2016 . 26 residential services edit as of second quarter 2009 there were 14.6 million basic cable subscribers 8.8 million digital cable subscribers 8.7 million road runner residential subscribers 2.5 million dvr subscribers 27 and 4.5 million residential digital phone subscribers which makes it the fifth largest landline phone provider in the united states . 28 business services edit as of 2013 time warner cable s business division had the second largest business facing enterprise by revenue of cable providers who offer business services with 1.7 billion in revenue as of the third quarter of 2013 . total revenue for 2012 was 1.9 billion . 29 cable internet service edit main article spectrum internet naming rights edit current edit arena edit spectrum center formerly time warner cable arena is located in charlotte north carolina the home of the nba s charlotte hornets . in april 2008 the then bobcats reached a naming rights deal with time warner cable the charlotte area s major cable television provider ; the arena was named for the cable provider in exchange for the release of the team s television rights which had been on the twc co owned carolinas sports entertainment television for its first season which failed to find much cable coverage in the charlotte market outside of time warner systems and went dark after a year and then news 14 carolina which was limited to only the north carolina side of the market until the arena naming rights deal was made . the team moved to the new fox sports south sub feed fox sports carolinas and sportsouth now fox sports southeast with the 2008 09 season allowing coverage through both the carolinas . 30 shortly after being acquired by charter the arena was renamed to spectrum center . former edit fox cities stadium edit main article neuroscience group field at fox cities stadium on march 9 2007 time warner cable which provides service to the northeastern wisconsin area signed a 10 year naming rights deal . the field is home of the wisconsin timber rattlers a local minor league baseball team of the midwest league and affiliate of the milwaukee brewers based in grand chute a suburb of appleton . the team and time warner cable mutually agreed to end the rights deal after the 2013 season and the venue is now known as neuroscience group field at fox cities stadium named for a local neurology practice . acquisitions edit adelphia edit on july 31 2006 time warner cable and comcast completed a deal to purchase practically all of adelphia s assets for 17 billion . 31 time warner cable gained 3.3 million of adelphia s subscribers a 29 percent increase while comcast gained almost 1.7 million subscribers . adelphia stockholders received 16 % of time warner cable . time warner cable went public effective february 13 2007 and the company began trading on the new york stock exchange on march 1 2007 . 32 in addition to adelphia s coverage being divided up time warner cable and comcast also agreed to exchange some of their own subscribers in order to consolidate key regions . an example of this is the los angeles market which was mostly covered by comcast and adelphia and some areas of the region already served by twc is now under time warner cable . philadelphia had been split between time warner and comcast with the majority of cable subscribers belonging to comcast . time warner subscribers in philadelphia were swapped with comcast in early 2007 . similarly the houston area which was under time warner was swapped to comcast while the dallas metro area was changed to time warner rr . 33 in the twin cities minneapolis was time warner and saint paul was comcast . that whole market is now comcast . navisite edit time warner cable purchased navisite navi a company providing cloud and hosting services on february 1 2011 for 230 million roughly equating to 5.50 per share . 34 insight communications edit on august 13 2011 time warner cable announced its purchase of insight communications for 3 billion acquiring insight s 760 000 subscribers nationwide . the merger was completed february 29 2012 and as of june 2013 all of insight communications was absorbed into time warner cable . 35 dukenet communications edit on october 7 2013 time warner