Sometimes things
just don't work out

Time Warner, which owns an 84 percent stake in Time Warner Cable, has decided to separate it from other assets.

"We just believe the two entities would be more valuable if separated rather than kept in the current structure," said CEO Jeffrey Bewkes.

Time Warner's net income in Q1 was $771 million, down $3 percent from $1.2 billion in 1Q07. Revenue was up two percent from last year, totaling $11.4 billion and guided by increases in cable, networks and film.

Last month, rumor had it Time Warner was in talks to fold AOL into Yahoo.