The Time Warner (TWX) announcement that they are creating a separate stock for their Cable TV business, has had a positive feedback from most people. They will offer a 16% stake to the public.
The IPO is being valued at $100 million strictly for accounting purposes and payment to the government. The real value is somehwere around $5.4 billion.
What this does for Time Warner is to pay off the investors they inherited when they acquired Adelphia Communications, alongside of Comcast (CMCSA). Time Warner will keep almost 90% control of Time Warner Cable with its ownership in second class shares.
Investors like this way of dealing with the Adelphia investors through an IPO because it gets them out of the way all at once so the real Cable investors can get on board.
Some shareholders also like it as they've argued that one of the reasons the company has not grown in value is because investors can't figure out the value of the invidivual pieces.
What this does, with Time Warner Cable now selling under the symbol TWC, is put a value on the cable business that can now be easily 
measured.
For the first time in quite a while, people are feeling a lot better about the company.
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