TIME WARNER sells Cable Unit

`Time Warner is a company in the midst of a sweeping transformation,'' said Matt Kaufler, a portfolio manager at Clover Capital Management in Rochester, New York, which owns 1.7 million shares. ``There will be more steps before year-end. This is headed toward being a pure content company.'' U.S.

Okay ... here's another entry in my ongoing "HD Day conspiracy theory" of Feb 17, 2009. Just start connecting the dots and you start to see a pattern. Viacom diversifies and becomes a "content company." Now Time Warner hedges against being a "cable company" and plans to "transform itself" into a "content company." Once all media become digital, the business model or models will shift; and the big players are positioning themselves for what's next.
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