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3 Jun, 2014

Cable company spinoff announced

Time Warner CableTime Warner Inc.0 Comments

Time Warner Inc. formally announces plans to spin off its cable company into Time Warner Cable, Inc. The brand’s cable business is the second-largest in the country with approximately 13.3 million video subscribers. Chief Executive Bewkes says:

Two independent companies will have better long-term strategic, financial and operational flexibility, something we believe is of growing importance.

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