November 23, 2024, 12:03:04 AM
« previous next »
Pages: [1]

Author Topic: Time Warner to Spin Off Cable Company?  (Read 2560 times)

Offline texasstooge

  • Nyuk-Nyuk-Nyuk!
  • Ultimate Member
  • *
  • Posts: 1201
  • Gender: Male
    • View Profile
  • Cable Provider: Charter
  • HD Channel #: 37
  • HD WxStar ID #: Unknown
  • SD Channel #: 037
  • WxStar Version: IntelliStar
Time Warner to Spin Off Cable Company?
« on: July 06, 2008, 10:56:54 AM »
This was posted by Vernon in TWC Classics.

Quote from: VernonMetcalf
Time Warner is spinning off its cable TV business for $9 billion (according to http://www.cbsnews.com/stories/2008/05/21/...in4114950.shtml), but Time Warner Cable may have about $23 billion in debt on its books making deals unlikely (according to http://www.investors.com/editorial/IBDArti...;issue=20080527). Because of that possible amount of debt, I'm not sure if that would cause some Time Warner Cable headends in smaller areas including mine to be sold off.


As if divesting its own Warner Music Group (info on Wikipedia) in 2004 wasn't enough...
« Last Edit: July 20, 2008, 09:51:53 PM by texasstooge »
Logged


Offline Mike M

  • Weatherscan Contributor
  • Ultimate Member
  • ********
  • Posts: 18957
  • Gender: Male
  • TWC Fan 1999-2008
    • View Profile
  • WxStar Version: IntelliStar
Re: Time Warner to Spin Off Cable Company?
« Reply #1 on: July 06, 2008, 11:58:34 AM »
If TimeWarner were to sell off it's cable company, Comcast would probably serve almost the entire country now. A good portion of the US is served by TimeWarner.
Logged

Offline Tyler

  • Ultimate Member
  • *
  • Posts: 7577
  • Gender: Male
    • View Profile
    • Facebook
  • Cable Provider: Verizon FiOS
  • HD Channel #: 619
  • SD Channel #: 119
  • SD WxStar ID #: 27542
  • WxScan Ch. #: 49
  • WxScan ID #: 27543
  • WxStar Version: IntelliStar
Re: Time Warner to Spin Off Cable Company?
« Reply #2 on: July 06, 2008, 02:05:13 PM »
Time Warner isn't selling off it's cable company, it's simply spinning it off of the main company into a new division, that way, if the cable co goes into serious debt, and has to be sold, etc, Time Warner Corp. itself will still be safe.
Logged
Pages: [1]
« previous next »