Thursday, May 01, 2008

Time Warner plans to break off cable as profits slide


Time Warner Center

File under greed.
Time Warner, the world's largest media company, said Wednesday that it planned to divest its lucrative cable TV unit as first quarter profits slid by 36 percent to $771 million.

Oh the poor fuckers. Only $771 million. And that wasn't sales but profits.

Of course their management or lack thereof had nothing to do with the slide.

Note: Headline links to source.

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