Maybe it was a futile act of distraction, like "Look how bad Time Warner's stock is doing this year!"
Posted on 09/02/2006 11:41:50 PM PDT by Milhous
WITH the fall comes the harvest. Or at least that’s what Richard D. Parsons and his top dogs at Time Warner have hoped for in autumns past. But regardless of how much the chief executive and his allies regroup, retool and reorganize their sprawling media empire, the stock market just yawns. Every morning when they look at Time Warner’s ticker, it’s Groundhog Day.
Carl C. Icahn seems to be the only investor with a modicum of enthusiasm for the stock. Last month, he disclosed plans to form a new fund to scoop up more Time Warner shares so he could add to the boatload he already owned. And, by the way, he basically wants to bust up the place.
. . .
But going out on top probably means a stock price above $20 a share, a level the company has not hit since April 2002, the month before Mr. Parsons assumed the helm.
. . .
Mr. Parsons told me recently that an advertising slowdown at magazines favored by men and the rapid migration of ads from print to the Internet explained the drop-off in publishing profits.
(Excerpt) Read more at nytimes.com ...
Pinging Milhous' discovery of excellent Sunday Morning Good News...
Perhaps the new strategy at AOL will save the Day.
Netzero seems to like it. You can buy Netzero access and still keep ypur AOL e mail addresss.
AOL is so left they make CBS look like Margaret Thatcher! Yahoo etal are just the same.
Message to Propaganda Machine ("Mainstream Newsmedia"): Propaganda is boring.
Time Warner stock chart below. yuk-yuk-yuk
http://ir.timewarner.com/chart.cfm?ptype1=1
Maybe it was a futile act of distraction, like "Look how bad Time Warner's stock is doing this year!"
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