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December 16, 2004
Time Warner's designs on the cable industry
Buried in the middle of a New York Times article about Time Warner and the $510 million AOL fiasco -- a hint that the company could make a run at two companies in the cable business:
"Time Warner's largest investment is expected to come in the cable arena where Mr. Parsons has shown an interest in joining with Comcast to bid for Adelphia Communications, the bankrupt cable operator. Bids for that company are expected in January, which partly explains why Time Warner has been so eager to settle government charges... Mr. Parsons has also said that his company may be a bidder for Cablevision Systems, should Charles F. Dolan and his family, which controls the Long Island-based company, decide to sell."
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