Time Warner Urged to Split Business

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Billionaire investor Carl Icahn on Monday urged Time Warner Inc. to separate its cable business and buy back at least $20 billion worth of its stock, saying management has not done enough for shareholders.


Icahn, who along with several hedge funds owns more than 120 million shares of Time Warner, said he plans to meet this week with Time Warner Chief Executive Richard Parsons to discuss his views of the media company.


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