Time Warner Cable, Windjammer deal

11 Jul 2008

Time Warner Cable says it is selling a group of small cable systems covering approximately 80,000 basic video subscribers and 120,000 revenue generating units in areas away from its main geographic clusters, to Windjammer Communications. The exercise is expected to complete in the fourth quarter of 2008 with Time Warner Cable planning to post a second-quarter, pre-tax, non-cash loss on the sale of about USD45 million, which it will record it as a component of operating income.

United States, Time Warner Cable (Spectrum)