• By Nicholas Carlson
    Apr 30, 2008 11:40 AM 196
    more about

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    Time Warner spins off cable division

    "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]


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