TimeWarner shares rose on claims institutional shareholders want the company to spin off its cable TV franchise, the nation's second-largest. Bloomberg story here.
Comcast, the No. 1 cable company, is a likely buyer, if it can get past FCC Chairman Kenneth Martin and his allies, who don't want Comcast getting too much bigger. Comcast-TimeWarner would be the largest buyer of TV programming, with even bigger pricing clout vs. ESPN and other networks.
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