TW sets small cable sales

NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million.

Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of their cable systems. Time Warner CEO Gerald Levin said last month that the media giant would be selling smaller unclustered systems and putting some smaller systems into joint ventures with other operators.

To be sold are systems in Louisiana, Mississippi, Tennessee and Michigan. Time Warner’s systems cover about 12 million subscribers, so the sales represent a fraction of its total cable holdings.

The systems were acquired in early 1996 as part of the purchase of Cablevision Industries Inc. Time Warner is likely to use the money raised from the sales to reduce debt.

More Biz

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    NEW YORK — Time Warner Inc. put seven of its smaller cable systems, serving a total of 154,000 customers, up for sale in a series of deals which could fetch about $300 million. Sale of the systems has been long expected and reflects a trend by most cable operators to improve the geographic clustering of […]

More From Our Brands

Access exclusive content