Gregg said:>>>"Time Warner Cable" has been a separate company from Time Warner for several years now. It's Time Warner, not Time Warner Cable, that owns HBO and Cinemax. <<<
Sure, but they still have some common ownership. It's more for Wall Street reasons that the two entities are separate, just like McDonald's and Chipotle are separate, even with different stocks and ticker symbols. But the two companies are not totally divorced from each other.
Yes, they are. Shareholders of record of Time Warner on the date of separation of 2009 received shares of Time Warner Cable. Some of those shareholders may have kept the TWC shares, some may have sold them, but the result was two completely separate publicly-traded companies under completely separate management and boards. TWC licenses the Time Warner name under a long-term agreement, and of course TWC pays Time Warner for programming from HBO, Cinemax, CNN, TBS and so on. But they are no longer the same company, even if some investors own shares in both.
http://ir.timewarner.com/phoenix.zhtml?c=70972&p=irol-twcseparation