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Article: Time Warner Inc. Chooses to Separate Time Warner Cable Inc. Through Spin-off.
- Article from:
- Business Wire
- Article date:
- February 19, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Time Warner Inc. (NYSE:TWX) and Time Warner Cable Inc. (NYSE:TWC) today announced that Time Warner 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.
Time Warner and Time Warner Cable continue to expect that the separation will be completed by the end of the current quarter.
About Time Warner Inc.
Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and ...