Time Warner to shed rest of its cable TV business (Update)

User rating: 3.5 / 5 after 2 vote(s)

In this Jan. 3 2008 file photo the Time Warner Center is shown in New York. Time Warner Inc. reported a 36 percent decline in first-quarter profits Wednesday April 30 2008 following an asset sale a year ago and said it would spin off the rest of its ...
In this Jan. 3, 2008 file photo, the Time Warner Center is shown in New York. Time Warner Inc. reported a 36 percent decline in first-quarter profits Wednesday, April 30, 2008, following an asset sale a year ago and said it would spin off the rest of its cable business. (AP Photo/Mark Lennihan)

(AP) -- Time Warner Inc. said Wednesday it plans to spin off the rest of its cable TV business, answering investor pleas to further simplify the media conglomerate's sprawling corporate structure.


Full story »
All News summaries from Technology news
All News summaries for April 30, 2008

Samsung says Q2 profit up 108 percent

4 hours ago | User rating: not rated yet
South Korea's Samsung Electronics Co. said Friday that second-quarter profit jumped 108 percent year-on-year, what it called a "relatively solid" performance despite missing market forecasts.

Infineon posts heavy quarterly loss, to cut 3,000 jobs

4 hours ago | User rating: not rated yet
German semi-conductor group Infineon posted Friday a heavy quarterly loss and announced the elimination of 3,000 jobs.

Microsoft defends search investments to analysts

6 hours ago | User rating: not rated yet
(AP) -- Microsoft's CEO defended the software maker's decision to invest heavily in its unprofitable online business, but shed minimal light Thursday on specific steps it will take to challenge Google in the wake of the ...

China says has more people surfing the Web than US

6 hours ago | User rating: not rated yet
(AP) -- China's booming Internet population has surpassed the United States to become the world's biggest, with 253 million people online despite government controls on Web use, according to government data ...

Japanese Internet mogul found guilty in appeal

6 hours ago | User rating: not rated yet
(AP) -- A Japanese appeals court upheld the conviction of flamboyant former Internet mogul Takafumi Horie on Friday in an ongoing case that has come to symbolize this nation's effort to deal with white collar ...
Goto Archive PhysOrg Forum Goto Archive Video Goto Archive Editorials Goto Archive Free Magazines Goto Archive Newsletter

News Archive