From Clusterstock: Time Warner (TWX) is finally expected to release details of Time Warner Cable (TWC) spin-off today. Key points:
- a $9.25 billion dividend ($10 per TWC share, $2.58 per TWX share) back to Time Warner and
- a reduction of Time Warner debt load by two-thirds.
Analysts had expected a smaller dividend ($6ish), so this is positive for TWX holders. More on Clusterstock >