Search:  

 
 
   News
newer
story category Time Warner To Split Off Time Warner Cable
CEO: In everybody's best interests....
(old news - 08:54AM Wednesday Apr 30 2008)
tags: business · cable
Time Warner this morning announced that the company will be spinning off their Time Warner Cable unit as its own company. "A complete structural separation of Time Warner Cable, under the right circumstances, is in the best interest of both companies' shareholders," CEO Jeff Bewkes said in a prepared statement. TWC released their earnings this morning as well, which note that revenue at Time Warner Cable jumped 8% to $4.2 billion.

Related:
  1. Carriers Compete With 'Cash' Back Deals
  2. TiVO Coming To Time Warner Cable
  3. Cable Cooking Up New Network Management System
  4. Comcast Sells Ads For Verizon FiOSTV
  5. Rogers Still Injecting Content Over Sites
  6. Mac Fans Lament Broadband Meters
  7. Cable Carriers Miss Tru2Way Deadline
  8. Verizon: Cut Your Landline To Save Money
Forums » Time Warner To Split Off Time Warner Cable
view: topics flat text 
Post a:
patcat88

join:2002-04-05
Jamaica, NY

name change

Will there be a name change?

tiger72
SexaT duorP
Premium
join:2001-03-28
Saint Louis, MO
clubs:

Re: name change

I doubt it. I still don't understand the rationale behind this, considering TWC makes boatloads of money for TimeWarner.
BosstonesOwn

join:2002-12-15
Everett, MA
clubs:
·Comcast
·Comcast Formerly ..

Re: name change

Tax purposes and for investors.

The spin off TWC to its own entity. Use it as an income for TW parent company. TWC pays less taxes and TW parent pays less taxes.

When it comes to investors , people don't want to invest in a company that is a dog , right now TW and AOL are not doing so well. If they use TWC as income on the shares for TW parent they both look good. The parent looks like a good investment because TWC pads their bottom line and TWC looks good to investors , because it's profits.

It's all a shell game to fool people into investing more money into a company and to decrease the amount of taxes they pay by using loop holes.

Like one of my friends recently said:
"the disease in this corporate world is the lack of real innovation and real new ideas , while being driven cruelly by stock holders with short term goals.
if your boss can't come up with new ideas or allow his employee new idea to develop then the only thing left to do is reduce expenses , cut corners , make a quick bonus ,
and jump to another company when it gets sour."

See a pattern ?
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"
jc100

join:2002-04-10

Re: name change

Very well said. Your friend forgot the part about the 100 million severance package for the CEO or EXEC who railroads the company into financial debt, but expects a big payday for leaving. That's the crucial part of the ENTIRE equation.
EPS

join:2008-02-13
Hingham, MA

It's about stock price- Time Warner right now trades a multiple to its earnings typical of cable companies, while "pure-play" content producers (Viacom, CBS, etc.) who don't have cable arms tend to trade at higher multiples- the idea is that TWC, despite providing a boatload of revenue for TWX, is actually holding the stock price down, reducing the overall value of the company.
Lineage
rawr?
Premium
join:2006-10-19
USA
Yes. The name will change to "Comcast"
dadarkside
Premium
join:2006-05-20
The Moon

Re: name change

said by Lineage See Profile :

Yes. The name will change to "Comcast"
I'd like them to bring back the Adelphia name. Except..hasn't that name been sullied enough?
EPS

join:2008-02-13
Hingham, MA

Re: name change

I was reading Forbes' article on the subject, and they happened to make the comment that the largest holder of the publicly-traded portion of Time Warner Cable is Adelphia Communications... are they really still around?
dadarkside
Premium
join:2006-05-20
The Moon

Re: name change

The Adelphia estate is still around, yes. It is in process of distributing assets, once complete, it will dissolve.
EPS

join:2008-02-13
Hingham, MA

said by patcat88 See Profile :

Will there be a name change?
My guess is that it will go like Time Warner Telecom did- they were given the rights to the name for a limited amount of time, but eventually they'll have to change it. Time Warner Telecom is now changing its name to the incredibly original "tw telecom", where tw now just doesn't stand for anything.

major marco
Res Firma Mitescere Nescit
Premium
join:2003-02-13
Stepford, CA
clubs:


2 edits

same old story

This is good news for consumers. Subscribers can get a whole new TOS that disguises the legalese behind throttling/blocking/capping, and, the best part will be the appearance of the brand spanking new name of Time Warner Cable, a wholly owned subsidiary of Time Warner, Inc. Yeah, an entirely new board of directors and an entirely new pool of dumbass investors looking to get rich quick.

/sarcasm

Realtech23
Premium
join:2006-03-27
Olean, NY
·RoadRunner Cable

Re: same old story

Don't know what planet your on but on this one and in NY Time Warner doesn't practice throttling/blocking/capping. In regards to the other person who said bring back the Adelphia name (WOULD LOVE TO) but The Rigas Family runs there Cable/Internet under the name Zito Media so now if they were to buy something like Time Warners Stuff that is what it would be called. Also for my own two cents, I am curious as to what issues this will cause between billing/sales department which is the Local/TV callcenters and Tier 1,3 and then Road Runner Tier Two which I believe is All or Mostly Outsourced to Canada Ehh. When companies split divisions with names people get defensive about there name and there company. Its just how it gets.
--
I am the Coyote
SilverSurfer

join:2007-08-19

Re: same old story

said by Realtech23 See Profile :

Don't know what planet your on but on this one and in NY Time Warner doesn't practice throttling/blocking/capping.
I find that exceptionally difficult to believe since even if it has not yet become an outrage among subscribers, all ISPs practice "network management" in some fashion or another. That you haven't noticed means that you probably surf the net occasionally and otherwise just use your connection for email only.

Realtech23
Premium
join:2006-03-27
Olean, NY
·RoadRunner Cable

Re: same old story

we run Alot of stuff plus 5 people in our house play WOW and support several other functions on our Network and we use Time Warner and its Residential and no we haven't had Any problems. Nothing Lagging, Nothing Slow and Able to Download anything at Max speeds. We are able to operate at the advertised speeds up and down all the time. So in this area you would be wrong. I lost my job because of Time Warner I rather not stick up for them but the truth is the truth.
--
I am the Coyote

Realtech23
Premium
join:2006-03-27
Olean, NY
·RoadRunner Cable


1 edit
so basically if by 24/7 someone is always online here then sure that is occasionally. And by created websites and maintaining them 24/7 and helping run a few ebay businesses 24/7 you mean email only then please you can do my "email only "for me as well. Your trying to make me seem like i just woke up to the internet or the average user. Sorry but you have Highly underestimated my knowledge and my business. Also I did not say "all ISPs practice" I said Time Warner which is Who this Post is about.
--
I am the Coyote
tmc8080

join:2004-04-24
Floral Park, NY

able to compete?

Will the "new time warner cable" be able to raise money for upgrades in it's most competitive markets? Not looking at the numbers.. just saving on taxes alone (pushing tw cable into small business category status) won't help it save enough to pay for badly needed deep fiber / docsis 3.0 upgrades, undoubtedly they will need to raise money. Verizon will be neck deep into many of Time Warner's foot print territories, so will AT&T.

hobgoblin
Sortof Agoblin
Premium
join:2001-11-25
Orchard Park, NY
clubs:

Re: able to compete?

"(pushing tw cable into small business category status)

TW cable a Small Business?

You are joking of course.

Hob
--
"A foolish consistency is the hobgoblin of little minds."
- Ralph Waldo Emerson
DMNTD

join:2002-10-19
usa

symbol...

Well for a name change I really don't care but this is a good time to ditch the all seeing eye. Otherwise I find it imposiible to say anything good when a company does something only to benefit itself..bottom line either way.
Talis

join:2001-06-21
Houston, TX

So I was curious

I was wondering what else there was to Time Warner besides Time Warner Cable. It's a staggering list.

»www.timewarner.com/corp/aboutus/···2007.pdf

AOL Inc which owns
CompuServer, MapQuest, MovieFone, ICQ, AIM, Netscape

Time Warner Cable Inc which owns
RoadRunner High Speed Online

Warner Bros. Entertainment, Inc. which owns
Warner Bros. Pictures, Warner Bros. TV, DC Comics

New Line Cinema Corp.

Time, Inc. which owns
100's of magazines including TIme, People, Sports Illustrated, Fortune

Turner Broadcasting Systems, Inc. which owns
CNN, TNT, TBS, Cartoon Network

Home Box Office, Inc. which owns
HBO, CineMax

brooklynman4

join:2004-09-07
Brooklyn, NY

Re: So I was curious

It will be aol,tw and twc.
EPS

join:2008-02-13
Hingham, MA

Re: So I was curious

AOL will probably get sold off to someone rather than become a separate company- as soon as Time Warner can find someone dumb enough to buy it...
xxTRAGEDYxx

join:2008-03-14
Kannapolis, NC

TWC

TWC makes $4.2 BILLION and TWC customers can't even get 1Mbps upstream??? wow, the rich get richer......

tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA

Re: TWC

That was $4.2B in revenue, not profit, for all of TWC (most of the profit is still from video)
DMNTD

join:2002-10-19
usa

Re: TWC

I still go with tragedy...when is enough, enough?????
Forums » Time Warner To Split Off Time Warner Cable


Sunday, 05-Jul 08:50:03 Terms of Use | Privacy Policy | Hosting by www.nac.net - DSL,Hosting & Co-lo | feedback | contact
over 9.5 years online! © 1999-2009 dslreports.com.