Time Warner Cable To Go Public, List On NYSE

As the triple-play cable option grows, salivating investors will soon get a chance to invest on the big board in Time Warner Cable without having their money also tied up with the future of AOL and magazines. Parent Time Warner, which runs AOL and the Time Inc. portfolio, said its cable operations would be listed on the NYSE as early as next month under the "TWC" ticker name.

The offering comes as the complicated transaction involving TWC and Comcast of the bankrupt Adelphia operations is completed. With cable operators now offering TV, phone and Internet services in a so-called triple-play bundle, investors are optimistic that they will be able to at least outperform competing satellite operators.

Phone companies such as Verizon and AT&T are launching similar bundles--with perhaps the addition of a fourth element in wireless--but the rollouts have been slow and the cable operators have said a significant threat is years away. Time Warner will own 84% of "TWC's" stock.

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