In an earnings call today Time Warner reported that it was planning to spin off its Cable holdings, “under the right circumstances.” No specifics were noted but Time Warner Cable is obviously bolted on to the weak AOL and TW media holdings and not quite the best fit for a media company in the first place, synergy be damned. TWC had a $771 million in profit last quarter, which is pretty nice. Let’s see who picks them up. Hopefully not ComCast.