Jeffrey Bewkes, the chief executive of Time Warner Inc., continued to trim what has for years been the world’s largest media company by announcing Wednesday that it would completely spin off its cable company.

The news — which was not unexpected and follows an earlier transaction in which a portion of the cable unit was spun off in to a separate public company — came as Time Warner reported quarterly earnings that were largely in line with Wall Street’s expectations.

To read more of this article in The International Herald Tribune, see iht.com/articles/2008/04/30/business/30warnerweb.php.