Wait, what? Time Warner Cable is still a part of Time Warner, Inc.? Weren't they supposed to split, like,
almost a year ago? We've always heard that old flames are hard to extinguish, so we guess we shouldn't be too shocked to hear that this drawn-out separation is still being, well, drawn out. According to a fresh release from parent company Time Warner, it has "elected to complete the separation of the two companies through a spin-off distribution involving a pro rata dividend of all of the Time Warner Cable common stock held by Time Warner to Time Warner stockholders." If you're hungry for details beyond that, we're afraid you'll have to wait -- all we're told is that the two "continue to expect that the separation will be completed by the end of the current quarter." Cute how "continue" was thrown in there, yeah?
Reader Comments (Page 1 of 1)
J.Goodwin @ Feb 21st 2009 8:41PM
Isn't this normally the spot where you disclaim that you're owned by AOL/TW?
Justin R @ Jun 1st 2009 5:49AM
Heh That's what I was thinking. lol
Smoke_Dawg_187 @ Feb 21st 2009 10:28PM
I don't understand the benefit of the spin off. Does this mean you can separately invest in Time Warner Cable? Like if Warner's movies don't do well that year, but their cable company does well and having been separated the movie business doesn't bring the cable side down?
Maybe Time Warner is separating the cable because FiOS and U-Verse are taking away a lot of their customers and it won't hurt the bottom line of other projects TW has.