Bewkes Memo On Eve Of Time Warner Cable Split: What We’re Doing With That $9.25 Billion Dividend

imageTime Warner (NYSE: TWX) Chairman and CEO Jeff Bewkes sent out a company-wide memo today describing the corporate landscape as Friday’s split with Time Warner Cable (NYSE: TWC) nears, making TW once again a content company without a split personality. (Yes, there is that pesky online access business still bringing in cash over at AOL.) We’ve posted the full text here. An excerpt:

About that $9.25 billion cash payment: Bewkes said the special cash dividend from TWC is being used to support a variety of initiatives, including last week’s investment in Central European Media and experiments in online video under the TV Everywhere rubric. He added; “We


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