A New Future For Time Warner

Time Warner may be looking to take over new companies following its split from its cable unit.

The media giant announced it’s separating from Time Warner Cable this morning, a move that will bring in $9.25 billion in dividend payments. The decision is also expected to help cut down on the company’s $35 billion debt.

Time Warner’s CEO says he’s looking at several options for his company’s future, including possible acquisitions. He did hint that cable networks could be a strong investment but neglected to name any specific areas of interest.

He also did not comment on what the change could mean for the future of AOL.