Advance/Newhouse and Time Warner (Bright House Networks Spin Off)
Some of the regional cable system clusters operated by Time Warner Cable are owned by the Time Warner Entertainment - Advance/Newhouse Partnership (TWEAN). In 2002, Advance/Newhouse Communications, unhappy with some of the operating policies of Time Warner Cable in the AOL Time Warner era, forced a restructuring of the TWEAN partnership such that Advance/Newhouse would actively manage and operate a portion of the jointly owned cable systems equal to their percentage of equity. Under this arrangement, Advance/Newhouse enjoys the proceeds of their actively managed systems rather than simply a percentage of the partnership's total earnings. The majority of the affected systems are in the Tampa and Orlando markets under the Bright House Networks brand.
The value of this deal is that it allows Advance/Newhouse to more directly control their cable investments without having to completely unravel the TWEAN partnership, which does bring some benefits via Time Warner's development and purchasing clout.
Read more about this topic: Time Warner Cable
Famous quotes containing the words advance, time, warner, house and/or networks:
“I hold the value of life is to improve one’s condition. Whatever is calculated to advance the condition of the honest, struggling laboring man, so far as my judgment will enable me to judge of a correct thing, I am for that thing.”
—Abraham Lincoln (1809–1865)
“What time has been wasted during man’s destiny in the struggle to decide what man’s next world will be like! The keener the effort to find out, the less he knew about the present one he lived in.”
—Sean O’Casey (1884–1964)
“It is fortunate that each generation does not comprehend its own ignorance. We are thus enabled to call our ancestors barbarous.”
—Charles Dudley Warner (1829–1900)
“Turn back. Turn, young lady dear
A murderer’s house you enter here
I was wooed and won little bird”
—Allen Tate (1899–1979)
“To be perfectly, brutally honest, those of us who are still carrying diaper everywhere we go are not at our most scintillating time of life....We need to remember that at one time in our lives, we all had senses of humor and knew things that were going on in the world. And if we just keep our social networks open, there will be people ready to listen when we once again have intelligent things to say.”
—Louise Lague (20th century)