NEW YORK (AFX) - AOL Time Warner Inc expects its newly-created cable unit Time Warner Cable Inc to be listed on the New York Stock Exchange or the Nasdaq, according to a presentation by chief financial officer Wayne Pace.
The presentation to analysts followed news this morning the media giant will acquire AT&T Corp's 27.3 pct stake in Time Warner Entertainment (TWE) and set up a new unit for its cable assets to be called Time Warner Cable. AOL is planning to launch an IPO of the unit in the first half of next year, subject to market conditions.//www.forexdirectory.net