Time Warner Cable - Advance/Newhouse and Time Warner (Bright House Networks Spin Off)

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)

    Now it is the time of night
    That the graves, all gaping wide,
    Every one lets forth his sprite
    In the church-way paths to glide.
    William Shakespeare (1564–1616)

    Lettuce is like conversation: it must be fresh and crisp, and so sparkling that you scarcely notice the bitter in it.
    —Charles Dudley Warner (1829–1901)

    But in the reception of metaphysical formula, all depends, as regards their actual and ulterior result, on the pre-existent qualities of that soil of human nature into which they fall—the company they find already present there, on their admission into the house of thought.
    Walter Pater (1839–1894)

    The great networks are there to prove that ideas can be canned like spaghetti. If everything ends up by tasting like everything else, is that not the evidence that it has been properly cooked?
    Frederic Raphael (b. 1931)