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Time Warner Inc. (NYSE:TWX) and Time Warner Cable Inc. (NYSE:TWC) today announced that their respective boards of directors have approved an agreement that will result in the complete legal and structural separation of the two companies.
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Liberty Media Corporation announced today that it has purchased 14 million shares of InterActiveCorp's ("IAC") common stock from a single holder at a price of $24.25 per share.
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Time Warner Inc. today announced that its Board of Directors has approved management's recommendation to increase the company's regular quarterly cash dividend by approximately 13.6 percent, from $0.055 per share to $0.0625 per share on its Common Stock.
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Liberty Media Corporation and Time Warner Inc. announced today that they completed a transaction on May 16, 2007, in which Liberty exchanged approximately 68.5 million shares of Time Warner common stock, subject to a working capital adjustment, for a newly created subsidiary of Time Warner which holds the Atlanta Braves, Time Inc.'s Leisure Arts, Inc. and $960 million of cash.
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