Time Warner Cable to take loss on Windjammer sale

NEW YORK, July 10 (Reuters) - Time Warner Cable (TWC.N) said on Thursday that it will sell a group of small cable systems to Windjammer Communications, and record a second-quarter non-cash loss on the sale.

The sale involves 80,000 basic video subscribers located outside Time Warner Cable's main geographic clusters, the company said.

It plans to post a second-quarter, pre-tax, non-cash charge of about $45 million, and will record it as a component of operating income.

Time Warner Cable expects the sale to Windjammer, a venture between MAST Capital Management LLC and Communications Construction Services, will close in the fourth quarter. (Reporting by Robert MacMillan; Editing by Tim Dobbyn)