Time Warner Cable's contract to carry a new Los Angeles Dodgers television channel faces a review by Major League Baseball that could prove crucial to the ability of the team's new owners to repay backers of its $2.15 billion purchase of the franchise.The agreement announced on Monday and estimated to generate as much as $8 billion over 25 years, faces league scrutiny to ensure it meets baseball's revenue sharing rules.Each of the major league's 30 baseball clubs are required to share proceeds from local TV contracts with other franchises, according to a person with knowledge of the review."We are waiting to review the details of the deal, just as we do with every other TV contract," said MLB spokesman Patrick Courtney.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.23% or $0.23/share to $100.83. In the past year, the shares have traded as low as $72.76 and as high as $102.00. On average, 1778120 shares of TWC exchange hands on a given day and today's volume is recorded at 1171999.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.62% or $-0.31/share to $50.09. In the past year, the shares have traded as low as $33.62 and as high as $51.29. On average, 6191570 shares of TWX exchange hands on a given day and today's volume is recorded at 5119205.
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