Time Warner Cable banks on DOCSIS 3.0 data service growth, but are customers biting?

Time Warner Cable at New York State FairAs Time Warner Cable's (NYSE: TWC) video service revenue continues to dwindle, the cable MSO has been changing its focus to get more of the subscriber's broadband dollar by upgrading their cable networks with DOCSIS 3.0 technology to offer 50 Mbps speeds and above. The bet appears to be paying off for TWC, as the MSO reported $1.12 billion in broadband revenue in the second quarter. However, a report in FierceCable reveals that as compelling as 50 Mbps services are, consumers are happily buying lower speed tiers. Article