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Time Warner, TWC Report Q4 Losses on Writedowns February 5, 2009

Momentum for premium services such as DVRs has continued to decline.

NEW YORK Time Warner and Time Warner Cable on Wednesday reported fourth-quarter losses on $24.2 billion in impairment writedowns to account for the lowered value of assets.

TW, which expects to soon spin off TWC, also projected a 2009 profit for its remaining content businesses of 66 cents per share.

Read The Rest–> Time Warner, TWC Report Q4 Losses on Writedowns

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