MCN Friday First Read

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Bewkes Retools Time Warner Through Cable Spinoff 
The spinoff of Time Warner Cable could pave the way for parent Time Warner Inc., which will gain some $9.25 billion from the transaction, to add to its portfolio. Find out what CEO Jeff Bewkes might have in mind by reading the May 26 edition of Multichannel News and multichannel.com.

Distribution Deals Aplenty In NOLA
The Cable Show provided the backdrop for pacts on the carriage, high-definition and set-top box fronts. Particulars can be found on multichannel.com/2008cableshow and in Multichannel News.

BET’s Lee Weighs In On Diversity, Cable Cares
BET CEO and 2008 Cable Show co-chair Debra Lee discusses cable's initiatives to give back to New Orleans, strides made and yet to be taken by the industry relative to diversity, and her network’s push toward more original programming. Read more in Multichannel News and on multichannel.com

Almost Allman Joy In Nawlins
The Battle of the Bands, which helped raise $300,000 for Nawlins, was rollicking good fun Tuesday night, notably Paul Allen’s version of Purple Haze that would have made Jimi Hendrix proud. But cable almost got to rock to the Allman Brothers Band in the Crescent City. For tale about what might have been, go to multichannel.com or ‘Through the Wire’ in Multichannel News

Cable Stocks Up -- For Now
Reversing last year’s fortunes, cable stocks have enjoyed a resurgence thus far in 2008 behind strong operational results. But analysts warn that investors should brace for a downturn during the traditionally weak second quarter. Check out ‘Scorecard’ in Multichannel News and multichannel.com

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