The second largest U. S. cable company, Time Warner Cable Inc., reported the first quarter profits. Supported by the addition of customers and capital-spending cuts, the statistics, proved the analyst wrong. Excluding the restructuring cost, the profit was 82 cents on an average. The Sales advanced to 5.4% to $4.6 billion unexpectedly. This year, the company starts on a very good note.

Time Warner Cable Inc. announced Thursday it will proceed with paying shareholders a quarterly dividend as the nation's second-largest cable company swung to a fourth-quarter profit since its previous year performance was dragged down by big write-downs related to its spin-off from media giant Time Warner Inc.

Despite the fact that News Corp and Time Warner Cable have managed to settle their very bitter and public dispute over fees to be paid with an agreement on New Year's Day, various questions are still irking cable television viewers across the nation.

In a step in the direction of consumption-based Internet billing, Time Warner Cable Thursday announced a new pricing policy being tested in some parts of US. A trial of the tiered pricing that the company intends initiating in a few states this year, the lately-released offer comprises a $150 per month unlimited Internet service.

Time Warner Cable has signed an agreement with Communications Corp. of America to continue provide broadcast television programming in several markets, including FOX programming in Waco, and NBC programming throughout Harlingen and El Paso.