Time Warner Cable may be winning the overall war for subscribers in Manhattan, but it’s losing one battle very close to home.
Related Cos. -- which manages the 251-room Mandarin Oriental Hotel and some 200 luxury condominiums in the Time Warner Center, Time Warner Inc.’s brand-new headquarters -- has selected RCN Corp. to provide cable services, Dow Jones reported.
Time Warner Cable will provide cable service to its own employees in the complex, however.
Time Warner Cable did bid on the contract, but, "We wouldn't pursue an arrangement that didn't make good business sense for us," Time Warner Cable of New York City spokeswoman Harriet Novet said.
RCN, meanwhile, claimed that despite the irony of the situation, the agreement was just a business deal. "We will make a profit on this," RCN spokesman Barak Bar-Cohen said. "We wouldn't do the deal if we weren't making money."