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Time Warner Ties Up Cable Spinoff

Mar 27, 2009  •  Post A Comment

With Time Warner’s spinoff of Time Warner Cable slated to be complete by the end of Friday, it’s becoming clear the media company will be able to focus more on content and use cash from the separation, the Hollywood Reporter says. After the company received $9.25 billion from the spinoff, it paid down $2 billion in debt and bought a stake in Central European Media Enterprises, the trade paper says.
-Aimee Picchi

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