The Time Warner media conglomerate is not the same Time Warner as Time Warner cable. Time Warner cable doesn't have much content, except maybe some sports channels.
True. The trend is to spin off the cable/sat operators from the programmers.
At one time we had Time Warner, Comcast, Cablevision owning many of the channels. News Corp owned DirecTV. Now it's really only Comcast and to some extent Cablevision, and Comcast is bigger than ever.