TWC/Comcast: Crossing wires

Time Warner just made life a little more uncomfortable for cable rival Comcast. The purveyor of Looney Tunes cartoons and Fortune magazine has at last kicked off the full separation of its cable arm, by loading it up with debt and paying shareholders $11bn in dividends. This is precisely the kind of juice some of Comcast’s uppity owners have been clamouring for from the controlling Roberts family. Comcast shareholders have urged chief executive Brian Roberts to reconsider the company’s capital ...