Time Warner will begin its rights offering today to raise $2.8 billion.
Time Warner was considering a second step, according to several people close to the talks.
Time Warner had made a similar announcement only hours earlier.
Time Warner has carried 11 of the 25 games, without paying.
Time Warner is in the right here, and they had a brilliant idea.
Time Warner has reached a settlement on a different front.
Time Warner plans to buy the balance of the company.
Time Warner earned $85 million, down 76 percent from a year earlier.
Time Warner said the new company could have about $13.8 billion in annual revenue.
Time Warner said the effort was a local one and should not have been conducted.