In an earnings call today Time Warner reported that it was planning to spin off its Cable holdings, “under the right circumstances.” No specifics were noted but Time Warner Cable is obviously bolted on to the weak AOL and TW media holdings and not quite the best fit for a media company in the first place, synergy be damned. TWC had a $771 million in profit last quarter, which is pretty nice. Let’s see who picks them up. Hopefully not ComCast.
Yeah, someone who knows how and what tv watchers want. No buggy boxes and crappy signal. I want quality…HD!
Friend, I believe you misread the information. Time Warner Inc. (which currently owns 84% of Time Warner Cable) is not looking to sell Time Warner Cable per se (as in sell it to Comcast or another entity). Speculation is that Time Warner Inc. wants to improve its capital structure in a tax efficient way and simply restructure the two business units and make them more independent of each other. Time Warner Cable has lost a substantial amount of market value since it first started trading and in my opinion management believes the company will do better on its own. Of course Time Warner Inc. won’t let them just “be free” and will be compensated for the separation one way or another – speculation is that it will be through a dividend.
dammit! Anything will be better than it currently is…unless Microsoft buys them…then we’re all doomed!
haha, just kidding…but seriously
Oh please God, let Cox or Comcast buy it.