Time Warner Cable sells some small systems


Some far-flung small cable systems are leaving the Time Warner Cable orbit. The company announced a deal to sell the systems with 80,000 basic video subscribers and 120,000 revenue generating units spread across more than 125 head-ends in 25 states. All are outside what TWC considers its core geographic clusters. The buyer is Windjammer Communications, a joint venture of MAST Capital Management LLC and Communications Construction Services. The sale price was not disclosed, but TWC is taking a $45 million non-cash loss on the divestiture.