Time Warner Cable has said that its net income fell 34 per cent during the third quarter of the year to $532 million compared to the same period of the previous year.

The company faced difficulties as customers cancelled service after it was engaged in a dispute with CBS fees. The company's adjusted earnings per share was recorded at the level of $1.69, which is higher than analyst expectation of $1.65.

The figures showed that 306,000 video customers left TWC during the quarter as it turned off the leading prime-time network at several key markets, including New York and Los Angeles for about a month due to its dispute over fees. The nation's second largest cable service provider was also involved in a dispute with Journal Communications, a Wisconsin-based TV station owner, for about two months.

The residential TV segment, which is its largest source of revenue, fell 4.5 per cent to $2.6 billion. The company's revenue grew 2.9 per cent to $5.5 billion as an increasing number of customers ordered broadband Internet at home and its business services unit said that its sales rose more than 20 per cent.