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Archive Home > 2008 > May > 22 > Time Warner to reap $9.25B in cable split

Time Warner to reap $9.25B in cable split


May 22, 2008

NEW YORK — Time Warner Inc. 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 of Time Warner Cable Inc. gets Time....

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