April 30, 2008
Tim Warner to spin off Time Warner cable
Here’s more proof that the content and access businesses don’t mix well under the same corporate roof.
Time Warner is splitting off its cable services division, the company said Wednesday.
Time Warner currently owns around 84 percent of Time Warner Cable. The media giant, which has been struggling of late, has been rumored to be discussing merging the AOL division with Yahoo.
“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 release. (Cnet)
This blog wasn’t here when the Time Warner entered the cable business, but I can assure you the entire Third Pipe team agreed it was an unworkable marriage.
Filed under Time Warner by admin
Comments on Tim Warner to spin off Time Warner cable »
Boy ain’t that the truth!!
Time Warner’s problem is that they had no expereince in 1st contact customer experience. Their film holdings were in the back end. Movie Theatres did the customer contact. Same with the pulp magazine content. Simple subscription model and 40% of their sales were done by third parties in off the shelf sales.
With all the recent news on what TM is doing, its no wonder why so many are jumping ship. For me, what kept me on were the LEGITIMATE newsgroups access they had to offer. With that gone now, my motivation to stay is non-existent. Luckily, I found another usenet provider, newsdemon.com that lets me access the newsgroups. Now I just have to find a new reputable ISP.
D. Linus