Shareholders Urge Time Warner Chief to Sell Cable Division

Apr 29, 2008  •  Post A Comment

Reacting to a 30% drop in Time Warner’s stock price from its 2007 high, shareholders are urging Chief Executive Jeffrey Bewkes to get rid of the media company’s cable television unit, reports Bloomberg. Divesting its 84% stake in Time Warner Cable would allow the parent company to repurchase $3.8 billion in stock.
—Vlada Gelman

Your Comment

Email (will not be published)