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Time Warner Won’t Go Shopping With Cable Cash

Dec 18, 2008  •  Post A Comment

Time Warner says it won’t go shopping for media assets with the $9 billion in cash it gets from spinning off its cable television unit, Dow Jones says. But the company might be interested in deals that improve its position in businesses it’s already in. That means cable networks owned by Scripps, Discovery, Cablevision and Viacom could be attractive if prices continue to fall, the wire service says.
—Jon Lafayette

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