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Time Warner Cable, awaiting regulatory clearance to merge with Charter Communications, posted second-quarter profit that missed analysts’ estimates as program, sales and marketing costs rose.

The cable company shed 45,000 video subscribers, its smallest second-quarter loss since 2008, to end the quarter with 10.8 million TV customers. It added 172,000 residential broadband users.

This is the first earnings report since Time Warner Cable agreed to be acquired by Charter Communications for $55.1 billion, creating the second-largest cable and broadband provider in the U.S, with 24 million customers. The deal, which needs approval from the U.S. Federal Communications Commission and the blessing of the Justice Department, came just weeks after Comcast dropped its $45.2 billion takeover bid for Time Warner Cable in April in the face of opposition from the same agencies. Time Warner expects the deal to close by the end of the year.

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