Wednesday, October 18, 2006
Time Warner Cable's gonna IPO!
Time Warner Cable is finally gonna spin off from Time Warner in a monster IPO.
Now that makes some sense and could even allow the No2 US cable company to be a leader in the consolidation of the cable industry, which lets face it, is its only defence against Internet video etc.
So, Carl baby Icahn was right about Time Warner spinning them off. Nice one Carl.
And we think its a good move too - at least for Time Warner, cos their future's about content creation - not delivery.
Where does that leave AOL? Oh, they'll get spun off next year. Then Time Warner have no excuses left.
Posted by Philip Letts, blur Group at 5:47 PM