AOL tipped to sell cable TV outfit

NEWS AOL Time Warner is considering selling its minority stake in Time Warner Cable in a move that would create a business worth around $45bn. The sale would resolve a long-running dispute between AOL and AT&T, which between them own cable and content company Time Warner Entertainment. Warner Bros., Home Box Office and Time Warner Cable are all part of the Time Warner Entertainment stable. But neither side can agree on the value of AT&T's 25.5 per cent stake in the venture, today's Wall Street Journal reports. A public offering of the cable business could provide a way for AOL to compensate AT&T for its stake without having to raid its bank accounts.