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from: Buffalo Business First

Time Warner Cable unit going public

Business First of Buffalo - February 13,

The cable franchise holder for the Buffalo area and nearly all of upstate New York will become a publicly traded entity.

Time Warner Inc. (NYSE: TWX) and Time Warner Cable Inc. said Tuesday that Time Warner Cable has become a public company as a result of Adelphia Communications Corp.'s Chapter 11 exit plan receiving court approval. Time Warner Cable bought Adelphia's franchise rights for Western New York and many other markets last year.

Time Warner Cable expects its Class A common stock to be listed on the New York Stock Exchange, under the "TWC" symbol, and start trading as early as March 1, 2007.

Adelphia received shares of Time Warner Cable Class A common stock on July 31, 2006 as part of the payment for systems bought from Adelphia. These shares will be distributed by Adelphia to its stakeholders in accordance with its Chapter 11 plan, starting within the next few days.