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Advance Newhouse
AOL Time Warner's cable division and Advance/Newhouse Communications have
restructured their cable partnership in a deal that will switch about 2.1
million cable subscribers into the Newhouse fold and reduce TWC's cable base by
about 16 percent.
The consolidation, which the industry has expected for some time, also calls for
Time Warner Cable to take over the Syracuse, N.Y.-based Newhouse's stake in Road
Runner, AOL's high speed cable modem Internet service provider.
As a result of the changes, Time Warner Cable will be serving about 10.8 million
cable subscribers but will have also consolidated its interest in Road Runner,
the provider of high-speed Internet access over cable lines, which counts an
estimated 2 million subscribers. The flagship AOL dial-up service counts about
34 million subscribers.
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