Time Warner(TWX) is no stranger to spinoffs. The company once known as AOL Time Warner lost the AOL(AOL) in what has proven to be a successful spin- much more successful, certainly, than the disastrous merger, perhaps the worst in American history, which brought the two firms together. Earlier in 2009, the company spun off...
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Friday, after the market closed, Liberty Media Corporation(LMCAD,LMCBD,LMCAV,LMCBV,LMCA,LMCB) announced that it had completed its spinoff from Starz(STRZA, STRZB), formerly the Liberty Media Corporation. For a cogent explanation of the alphabet soup, see our article from last week. As part of the transaction, Starz drew down its credit line and distributed $1.8 billion in cash...
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With the announcement last week that News Corp.(NWSA) would be spinning off its publishing business, analysts have been looking for copycat transactions to propose. It was inevitable that some of them would turn their attention to Time Warner(TWX), and, indeed Jeanine Poggi reports at AdAge that Pivotal Research analyst Brian Wieser renewed the calls...
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