Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities
Exchange\ue000 Act\ue000 of\ue000 1934\ue000 during\ue000 the\ue000 preceding\ue000 12\ue000 months,\ue000 and\ue000 (2)\ue000 has\ue000 been\ue000 subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past
90\ue000 days.\ue000 \ue000 Yes\ue000\u02db\ue000\ue000\ue000\ue000\ue000 No\ue000o

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulation\ue000 S-K\ue000 is\ue000 not\ue000 contained\ue000 herein,\ue000 and\ue000 will\ue000 not\ue000 be contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant\u2019s\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated\ue000 by\ue000 reference\ue000 in\ue000 Part\ue000 III\ue000 of\ue000 this Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000 \ue000\u02db

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer,\ue000 a\ue000 non-accelerated\ue000 filer,\ue000 or\ue000 a\ue000 smaller\ue000 reporting company.\ue000 See\ue000 the\ue000 definitions\ue000 of\ue000 \u201clarge\ue000 accelerated\ue000 filer,\u201d\ue000 \u201caccelerated\ue000 filer\u201d\ue000 and\ue000 \u201csmaller\ue000 reporting\ue000 company\u201d\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange Act.\ue000 (Check\ue000 one):

As\ue000 of\ue000 the\ue000 close\ue000 of\ue000 business\ue000 on\ue000 February\ue000 13,\ue000 2009,\ue000 there\ue000 were\ue000 902,014,340\ue000 shares\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 Class\ue000 A\ue000 Common\ue000 Stock\ue000 and
75,000,000\ue000 shares\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 Class\ue000 B\ue000 Common\ue000 Stock\ue000 outstanding.\ue000 The\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 voting\ue000 and\ue000 non-
voting\ue000 common\ue000 equity\ue000 securities\ue000 held\ue000 by\ue000 non-affiliates\ue000 of\ue000 the\ue000 registrant\ue000 (based\ue000 upon\ue000 the\ue000 closing\ue000 price\ue000 of\ue000 such\ue000 shares\ue000 on\ue000 the\ue000 New\ue000 York\ue000 Stock
Exchange\ue000 on\ue000 June\ue000 30,\ue000 2008)\ue000 was\ue000 approximately\ue000 $4.1\ue000 billion.

PART\ue000 I
Item\ue000 1.\ue000 Business.
Item\ue000 1A.\ue000 Risk\ue000 Factors.
Item\ue000 1B.\ue000 Unresolved\ue000 Staff\ue000 Comments.
Item\ue000 2.\ue000 Properties.
Item\ue000 3.\ue000 Legal\ue000 Proceedings.
Item\ue000 4.\ue000 Submission\ue000 of\ue000 Matters\ue000 to\ue000 a\ue000 Vote\ue000 of\ue000 Security\ue000 Holders.

PART\ue000 II
Item\ue000 5.\ue000 Market\ue000 for\ue000 Registrant\u2019s\ue000 Common\ue000 Equity,\ue000 Related\ue000 Stockholder\ue000 Matters\ue000 and\ue000 Issuer
Purchases\ue000 of\ue000 Equity\ue000 Securities.
Item\ue000 6.\ue000 Selected\ue000 Financial\ue000 Data.
Item\ue000 7.\ue000 Management\u2019s\ue000 Discussion\ue000 and\ue000 Analysis\ue000 of\ue000 Financial\ue000 Condition\ue000 and\ue000 Results\ue000 of

Item\ue000 7A.\ue000 Quantitative\ue000 and\ue000 Qualitative\ue000 Disclosures\ue000 About\ue000 Market\ue000 Risk.
Item\ue000 8.\ue000 Financial\ue000 Statements\ue000 and\ue000 Supplementary\ue000 Data.
Item\ue000 9.\ue000 Changes\ue000 in\ue000 and\ue000 Disagreements\ue000 with\ue000 Accountants\ue000 on\ue000 Accounting\ue000 and\ue000 Financial

Executive\ue000 Compensation;\ue000 Security\ue000 Ownership\ue000 of\ue000 Certain\ue000 Beneficial\ue000 Owners\ue000 and\ue000 Management and\ue000 Related\ue000 Stockholder\ue000 Matters;\ue000 Certain\ue000 Relationships\ue000 and\ue000 Related\ue000 Transactions\ue000 and\ue000 Director Independence;\ue000 Principal\ue000 Accountant\ue000 Fees\ue000 and\ue000 Services.

EX-10.48\ue000 FORM\ue000 OF\ue000 DEFERRED\ue000 STOCK\ue000 UNITS\ue000 AGREEMENT
EX-12\ue000 COMPUTATION\ue000 OF\ue000 RATIO\ue000 OF\ue000 EARNINGS\ue000 TO\ue000 FIXED\ue000 CHARGES
EX-21\ue000 SUBSIDIARIES\ue000 OF\ue000 THE\ue000 COMPANY
EX-23.1\ue000 CONSENT\ue000 OF\ue000 ERNST\ue000 &\ue000 YOUNG\ue000 LLP
EX-31.1\ue000 SECTION\ue000 302,\ue000 CERTIFICATION\ue000 OF\ue000 THE\ue000 PEO
EX-31.2\ue000 SECTION\ue000 302,\ue000 CERTIFICATION\ue000 OF\ue000 THE\ue000 PFO
EX-32\ue000 SECTION\ue000 906,\ue000 CERTIFICATION\ue000 OF\ue000 THE\ue000 PEO\ue000 AND\ue000 PFO

Time\ue000 Warner\ue000 Cable\ue000 Inc.\ue000 (together\ue000 with\ue000 its\ue000 subsidiaries,\ue000 \u201cTWC\u201d\ue000 or\ue000 the\ue000 \u201cCompany\u201d)\ue000 is\ue000 the\ue000 second-largest\ue000 cable\ue000 operator in\ue000 the\ue000 U.S.,\ue000 with\ue000 technologically\ue000 advanced,\ue000 well-clustered\ue000 systems\ue000 located\ue000 mainly\ue000 in\ue000 five\ue000 geographic\ue000 areas\ue000 \u2013\ue000 New\ue000 York\ue000 State (including\ue000 New\ue000 York\ue000 City),\ue000 the\ue000 Carolinas,\ue000 Ohio,\ue000 southern\ue000 California\ue000 (including\ue000 Los\ue000 Angeles)\ue000 and\ue000 Texas.\ue000 As\ue000 of\ue000 December\ue000 31, 2008,\ue000 TWC\ue000 served\ue000 approximately\ue000 14.6\ue000 million\ue000 customers\ue000 who\ue000 subscribed\ue000 to\ue000 one\ue000 or\ue000 more\ue000 of\ue000 its\ue000 video,\ue000 high-speed\ue000 data\ue000 and voice\ue000 services,\ue000 representing\ue000 approximately\ue000 34.2\ue000 million\ue000 revenue\ue000 generating\ue000 units\ue000 (\u201cRGUs\u201d),\ue000 which\ue000 reflects\ue000 the\ue000 total\ue000 of\ue000 all TWC\ue000 basic\ue000 video,\ue000 digital\ue000 video,\ue000 high-speed\ue000 data\ue000 and\ue000 voice\ue000 service\ue000 subscribers.

As\ue000 of\ue000 December\ue000 31,\ue000 2008,\ue000 TWC\ue000 served\ue000 approximately\ue000 13.1\ue000 million\ue000 basic\ue000 video\ue000 subscribers.\ue000 Of\ue000 those,\ue000 approximately
8.6\ue000 million\ue000 (or\ue000 66%)\ue000 received\ue000 some\ue000 portion\ue000 of\ue000 their\ue000 video\ue000 services\ue000 at\ue000 their\ue000 dwelling\ue000 or\ue000 commercial\ue000 establishment\ue000 via\ue000 digital
transmissions\ue000 (\u201cdigital\ue000 video\ue000 subscribers\u201d).\ue000 Also,\ue000 as\ue000 of\ue000 December\ue000 31,\ue000 2008,\ue000 TWC\ue000 served\ue000 approximately\ue000 8.4\ue000 million\ue000 residential

high-speed\ue000 data\ue000 subscribers\ue000 (or\ue000 32%\ue000 of\ue000 estimated\ue000 high-speed\ue000 data\ue000 service-ready\ue000 homes\ue000 passed)\ue000 and\ue000 approximately
3.7\ue000 million\ue000 residential\ue000 Digital\ue000 Phone\ue000 subscribers\ue000 (or\ue000 14%\ue000 of\ue000 estimated\ue000 voice\ue000 service-ready\ue000 homes\ue000 passed).\ue000 TWC\ue000 markets\ue000 its
services\ue000 separately\ue000 and\ue000 in\ue000 \u201cbundled\u201d\ue000 packages\ue000 of\ue000 multiple\ue000 services\ue000 and\ue000 features.\ue000 As\ue000 of\ue000 December\ue000 31,\ue000 2008,\ue000 54%\ue000 of\ue000 TWC\u2019s
customers\ue000 subscribed\ue000 to\ue000 two\ue000 or\ue000 more\ue000 of\ue000 its\ue000 primary\ue000 services,\ue000 including\ue000 21%\ue000 of\ue000 its\ue000 customers\ue000 who\ue000 subscribed\ue000 to\ue000 all\ue000 three
primary\ue000 services.\ue000 As\ue000 part\ue000 of\ue000 an\ue000 increased\ue000 emphasis\ue000 on\ue000 its\ue000 commercial\ue000 business,\ue000 TWC\ue000 began\ue000 selling\ue000 its\ue000 commercial\ue000 Digital
Phone\ue000 service,\ue000 Business\ue000 Class\ue000 Phone,\ue000 to\ue000 small-\ue000 and\ue000 medium-sized\ue000 businesses\ue000 in\ue000 the\ue000 majority\ue000 of\ue000 its\ue000 operating\ue000 areas\ue000 during
2007,\ue000 and\ue000 substantially\ue000 completed\ue000 the\ue000 roll-out\ue000 in\ue000 the\ue000 remainder\ue000 of\ue000 its\ue000 operating\ue000 areas\ue000 during\ue000 2008.\ue000 TWC\ue000 believes\ue000 providing
commercial\ue000 services\ue000 will\ue000 generate\ue000 additional\ue000 opportunities\ue000 for\ue000 growth.\ue000 As\ue000 of\ue000 December\ue000 31,\ue000 2008,\ue000 TWC\ue000 served\ue000 283,000
commercial\ue000 high-speed\ue000 data\ue000 subscribers\ue000 and\ue000 30,000\ue000 commercial\ue000 Digital\ue000 Phone\ue000 subscribers.\ue000 In\ue000 addition,\ue000 TWC\ue000 sells
advertising\ue000 to\ue000 a\ue000 variety\ue000 of\ue000 national,\ue000 regional\ue000 and\ue000 local\ue000 customers.

with\ue000 its\ue000 subsidiaries,\ue000 \u201cComcast\u201d)\ue000 completed\ue000 their\ue000 respective\ue000 acquisitions\ue000 of\ue000 assets\ue000 comprising\ue000 in\ue000 aggregate\ue000 substantially\ue000 all
of\ue000 the\ue000 cable\ue000 assets\ue000 of\ue000 Adelphia\ue000 Communications\ue000 Corporation\ue000 (\u201cAdelphia\u201d)\ue000 (the\ue000 \u201cAdelphia\ue000 Acquisition\u201d).\ue000 In\ue000 February\ue000 2007,
Adelphia\u2019s\ue000 Chapter\ue000 11\ue000 reorganization\ue000 plan\ue000 became\ue000 effective.\ue000 Under\ue000 the\ue000 terms\ue000 of\ue000 the\ue000 reorganization\ue000 plan,\ue000 substantially\ue000 all\ue000 of
the\ue000 shares\ue000 of\ue000 TWC\ue000 Class\ue000 A\ue000 common\ue000 stock,\ue000 par\ue000 value\ue000 $.01\ue000 per\ue000 share\ue000 (\u201cTWC\ue000 Class\ue000 A\ue000 common\ue000 stock\u201d),\ue000 that\ue000 Adelphia
received\ue000 as\ue000 part\ue000 of\ue000 the\ue000 payment\ue000 for\ue000 the\ue000 systems\ue000 TW\ue000 NY\ue000 Cable\ue000 acquired\ue000 from\ue000 Adelphia\ue000 were\ue000 distributed\ue000 to\ue000 Adelphia\u2019s
creditors.\ue000 As\ue000 a\ue000 result,\ue000 under\ue000 applicable\ue000 securities\ue000 law\ue000 regulations\ue000 and\ue000 provisions\ue000 of\ue000 the\ue000 U.S.\ue000 bankruptcy\ue000 code,\ue000 TWC\ue000 became
a\ue000 public\ue000 company\ue000 subject\ue000 to\ue000 the\ue000 requirements\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 as\ue000 amended\ue000 (the\ue000 \u201cSecurities\ue000 Exchange
Act\u201d).\ue000 On\ue000 March\ue000 1,\ue000 2007,\ue000 the\ue000 TWC\ue000 Class\ue000 A\ue000 common\ue000 stock\ue000 began\ue000 trading\ue000 on\ue000 the\ue000 New\ue000 York\ue000 Stock\ue000 Exchange\ue000 under\ue000 the
symbol\ue000 \u201cTWC.\u201d\ue000 Time\ue000 Warner\ue000 Inc.\ue000 (\u201cTime\ue000 Warner\u201d)\ue000 currently\ue000 owns\ue000 approximately\ue000 84.0%\ue000 of\ue000 the\ue000 common\ue000 stock\ue000 of\ue000 TWC
(representing\ue000 a\ue000 90.6%\ue000 voting\ue000 interest)\ue000 and\ue000 also\ue000 currently\ue000 owns\ue000 an\ue000 indirect\ue000 12.43%\ue000 non-voting\ue000 common\ue000 stock\ue000 interest\ue000 in\ue000 TW
NY\ue000 Cable\ue000 Holding\ue000 Inc.\ue000 (\u201cTW\ue000 NY\u201d),\ue000 a\ue000 subsidiary\ue000 of\ue000 TWC.\ue000 The\ue000 financial\ue000 results\ue000 of\ue000 TWC\u2019s\ue000 operations\ue000 are\ue000 consolidated\ue000 by
Time\ue000 Warner.

On\ue000 May\ue000 20,\ue000 2008,\ue000 TWC\ue000 and\ue000 its\ue000 subsidiaries,\ue000 Time\ue000 Warner\ue000 Entertainment\ue000 Company,\ue000 L.P.\ue000 (\u201cTWE\u201d)\ue000 and\ue000 TW\ue000 NY,\ue000 entered
into\ue000 a\ue000 Separation\ue000 Agreement\ue000 (the\ue000 \u201cSeparation\ue000 Agreement\u201d)\ue000 with\ue000 Time\ue000 Warner\ue000 and\ue000 its\ue000 subsidiaries,\ue000 Warner\ue000 Communications
Inc.\ue000 (\u201cWCI\u201d),\ue000 Historic\ue000 TW\ue000 Inc.\ue000 (\u201cHistoric\ue000 TW\u201d)\ue000 and\ue000 American\ue000 Television\ue000 and\ue000 Communications\ue000 Corporation\ue000 (\u201cATC\u201d),\ue000 the
terms\ue000 of\ue000 which\ue000 will\ue000 govern\ue000 TWC\u2019s\ue000 legal\ue000 and\ue000 structural\ue000 separation\ue000 from\ue000 Time\ue000 Warner.\ue000 TWC\u2019s\ue000 separation\ue000 from\ue000 Time\ue000 Warner
will\ue000 take\ue000 place\ue000 through\ue000 a\ue000 series\ue000 of\ue000 related\ue000 transactions,\ue000 the\ue000 occurrence\ue000 of\ue000 each\ue000 of\ue000 which\ue000 is\ue000 a\ue000 condition\ue000 to\ue000 the\ue000 next.\ue000 First,\ue000 Time
Warner\ue000 will\ue000 complete\ue000 certain\ue000 internal\ue000 restructuring\ue000 transactions\ue000 not\ue000 affecting\ue000 TWC.\ue000 Next,\ue000 following\ue000 the\ue000 satisfaction\ue000 or
waiver\ue000 of\ue000 certain\ue000 conditions,\ue000 including\ue000 those\ue000 mentioned\ue000 below,\ue000 Historic\ue000 TW\ue000 will\ue000 transfer\ue000 its\ue000 12.43%\ue000 non-voting\ue000 common
stock\ue000 interest\ue000 in\ue000 TW\ue000 NY\ue000 to\ue000 TWC\ue000 in\ue000 exchange\ue000 for\ue000 80\ue000 million\ue000 newly\ue000 issued\ue000 shares\ue000 of\ue000 TWC\u2019s\ue000 Class\ue000 A\ue000 common\ue000 stock\ue000 (the\ue000 \u201cTW