Time Warner plans cable services spin-off

Time Warner said on Wednesday that it planned to spin off its cable services division completely, as the one-time world's biggest media company moves to restructure itself. Chief Executive Jeffrey Bewkes has already taken steps to restructure the company, which also owns Time Inc and the Warner Bros movie studios, to help lift its sluggish stock price. Sources have said Time Warner had held discussions to merge its AOL online unit with Yahoo Inc. "We've decided that a complete structural separation of Time Warner Cable, under the right circumstances is in the best interest of both companies' shareholders," Bewkes said in a statement.
http://www.reuters.com/article/industryNews/idUSWNAS061520080430

Time Warner earnings to clarify cable plans (Financial Times)
http://www.ft.com/cms/s/4817b0c6-1639-11dd-880a-0000779fd2ac.html