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NEW YORK Time Warner CEO Jeffrey Bewkes signaled Tuesday that Time Warner Cable likely is to become a separate entity and said that a Microsoft acquisition of Yahoo! would underline the value of TW’s AOL unit.
Speaking at the Bear Stearns Media Conference in Palm Beach, Fla., Bewkes also shrugged off suggestions that TW’s core content businesses were mature, saying international expansion and digital growth would provide significant upside. As an example, he pointed out that CNN’s earnings have doubled during the past four years thanks to international and digital initiatives, as well as cost reductions.
Bewkes
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