Market Watch's Aude Lagorce reports a storm warning for Time-Warner, when Dick Parsons is replaced by Jeff Bewkes. Here's the gist of what's possible, according to a source at Lehman Brothers:
Potential logical moves could include complete separation of Time Warner Cable ... a tax free sale or spinoff of publishing assets and the eventual public floatation of minority stake in Internet provider AOL or consolidation with a leading portal focused Internet player such as Yahoo or MSN once the U.S. access business is sold.
