Time Warner Cable Gets Letter From SEC
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Time Warner Inc.’s cable unit, the second-biggest U.S. cable operator, received a letter from the Securities and Exchange Commission asking for information about how it counts subscribers.
The company says it considers its subscription accounting practices to be proper and is cooperating with the SEC’s inquiry.
The letter to New York-based company is part of a larger inquiry into how some cable, satellite and telephone companies account for subscribers.
Shares of Time Warner fell 9 cents to $17.27 on the New York Stock Exchange.
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