Posted on 08/02/2006 12:23:46 PM PDT by screw boll
Time Warner Inc. swung to a $1 billion profit in the second quarter and released details Wednesday of a long-anticipated plan to offer many AOL services such as e-mail for free.
Time Warner lost $409 million in the same period a year ago, when the company recorded a $3 billion charge for settling securities litigation. The loss amounted to 9 cents per share a year ago.
(Excerpt) Read more at biz.yahoo.com ...
Not hard to reason why that is...
I demand Congressional hearings. Profit is supposed to be illegal.
I wonder if dropping their free services will be as difficult as their fee based services are...
I'm not holding my breath waiting for them to allow customers to choose al la carte standard cable programming.
Windfall taxes on excess cable profits NOW!!![/s]
"Big Media" needs to be investigated!
Those greedy executives are getting rich off of the backs of poor people who have been forced to stay home and watch Jerry Springer because of the onerous Bush tax cuts! In this dismal economy they can't find jobs and have to pay huge cable bills! What about thier rights?!?
They have just as much right to watch Skinemax softcore at night as those who have won life's lottery! I think that a windfall tax is a good start but doesn't go far enough. I think those with incomes above 100K should also pay a tax added to thier cable bills to suppliment those less fortunate who have a right to and legitimately need softcore porn late at night. After all they are up worrying about the kids going hungry and how they are going to put gas into both of thier cars to get them to the bank to cash the welfare check. Those rich greedy people are sleeping easy while those less fortunate are up worrying all night and need a distraction.
You should have posted a "Media Death Watch" tag on the headline.
windfall profits tax!! lol
Windfall profits! Unfair! Tax 'em!
To my knowledge there is nothing Time/Warner sells that I purchase.
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