"A complete structural separation of Time Warner Cable, under the right circumstances, is in the best interests of both companies' shareholders," Time Warner CEO Jeffrey L. Bewkes said in a statement this morning. The company will now rest much of its hopes on AOL's online advertising business. Yes, the one that grew 1 percent last year. [NYT]
Time Warner spins off cable division
8:40 AM on Wed Apr 30 2008
By Nicholas Carlson
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