Bewkes Says Cable Spinoff on Track

Dec 11, 2008  •  Post A Comment

Time Warner CEO Jeff Bewkes told an investment conference that the spinoff of Time Warner Cable is on track despite the credit market crunch, Dow Jones reports. Time Warner is supposed to get a $9 billion dividend when the transaction closes early next year. Bewkes also said the company is in talks about a deal for its troubled AOL business, the wire service says.
—Jon Lafayette

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