Time Warner Cable Spin-Off Gets FCC Approval

WASHINGTON, D.C.: The Federal Communications Commission in the U.S. has sanctioned Time Warner’s spin-off of its cable platform, which is the second-largest in the country.

"The transaction will lessen the extent to which TWC is vertically integrated with program providers and will eliminate the vertical integration of Time Warner by separating it from TWC," the FCC said in its order. The authority did not impose any conditions on the separation.

The spin-off of Time Warner Cable is now expected to be complete by the end of March, with the last condition being a tax letter from the Internal Revenue Service. The separation from the cable platform is expected to bring in $9.25 billion to Time Warner, which currently owns 85-percent of Time Warner Cable.