Time Warner, Cable Division Part Ways- Heffee

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Time Warner, Cable Division Part Ways

Abstract

Time Warner said Wednesday it would formally split off its cable TV business, giving the media conglomerate a $9.25 billion windfall and allowing it to focus on cable network, entertainment and publishing operations. The separation with Time Warner Cable gets Time Warner out of the media distribution business altogether, something investors had been clamoring for.

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Site: E Commerce Times
Feed: Internet News (

)
Url: http://www.ecommercetimes.com/...
Views: 2
Added On: 2008-05-21 13:41:28

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