Time Warner Cable To Post Loss For 09

Yahoo Finance

NEW YORK (AP) — Time Warner Cable says it expects to record a $15 billion noncash pretax impairment charge on its cable franchise rights in the fourth quarter, resulting in a loss for 2008.

Time Warner Cable Inc., the nation’s second largest cable television operator, also expects to record an impairment charge of about $350 million on its investment in wireless broadband provider Clearwire Corp.

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