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:
“Because mothers and daughters can affirm and enjoy their commonalities more readily, they are more likely to see how they might advance their individual interests in tandem, without one having to be sacrificed for the other.”
—Mary Field Belenky (20th century)
“I know not anything more pleasant, or more instructive, than to compare experience with expectation, or to register from time to time the difference between idea and reality. It is by this kind of observation that we grow daily less liable to be disappointed.”
—Samuel Johnson (1709–1784)
“Mud-pies gratify one of our first and best instincts. So long as we are dirty, we are pure.”
—Charles Dudley Warner (1829–1900)
“Q: Have you made personal sacrifices for the sake of your career?
A: Leaving a three-month-old infant in another person’s house for nine hours, five days a week is a personal sacrifice.”
—Alice Cort (20th century)
“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)