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Turner quits as AOL Time Warner posts massive loss
Sydney Morning Herald ^
| January 30, 2003
| Colin Kruger
Posted on 01/30/2003 6:37:03 AM PST by snopercod
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To: Grampa Dave
"Coorection" LOL...is this a certain type of erection I should know about?!
LOL...MUD
41
posted on
01/30/2003 9:11:24 AM PST
by
Mudboy Slim
(Rudy Guiliani Fer Attorney General...NOW!!!)
To: FreeReign
Well...lets give Ted Turner credit for starting TBS and the Cartoon Channel. Othewise, we wouldn't have Johnny Bravo or Dexter.
To: snopercod; Stand Watch Listen; joanie-f; tangofox; brityank; TPartyType
The short of it ...
Railroads, highways, "information highways" --- the same in each case:
The "higher-ups" want to both build the new route infrastructure and possess every square parcel along its path; they want to direct your everything.
The problem is, that once a route infrastructure is built, the peoples' free will takes them as much, if not more, elsewhere instead.
Knowing this, after years of case study at Harvard Business School, the "higher-ups" balked at building the high-speed infrastructure.
With each balk, the developers of the technology genuflected as their once "sure thing" contracts to create the technology, failed one after another to achieve more than experimentation in the field. Hi-tech wizardry into which money poured in 1995 was Kaput! by 1998; no sale!
Well, the developers of such hi-tech stuff began to sour at, for example, Lucent, or AT&T, or SBC's temerity.
Yet some of the more independent cable infrastructure partook of enough improvements to supply hi-speed --- it has been more costly than originally expected, but in the long-term it is showing where the subscribers wish to go.
In general, there's a loss, and sometimes a big loss on the initial investment.
That was true of the car-makers early in the last century. It was true of the first steamboats (they blew up!). It was true of the first railroads (they blew up!). It was true of blimps (catastrophic). It was true of the first air travel (gravity!).
There's a large expense until some stability of the science is realized.
Then, capital gains may be realized.
It's kinda like this: The Kings of Europe say, We'll build ships if only you go to where we send them.
Huh?!
Didn't work that way.
People contracted for their own ships and went where they wanted to go.
The makers of those ships made money.
The broadband cable modem infrastructure is winning at this.
Yet the "higher-up and all too greedy owners" who keep throwing money away on gobbling up every beach where the internet surfer may visit, is losing, there.
The communications gear works; it's for sale, profitably.
The money wasted and lost, is elsewhere in the fanciful dreams of the impatient on high.
A tip: Build the highway and then watch; and then speculate conservatively.
You might get lucky enough to own a parcel where something develops.
But if you rush in for the gold at the start, you will most likely lose big to "Gold Fever."
To: Mudboy Slim
Our normal coffe must have had about 50% of its caffeine removed. My wife and I both are like half brain dead.
44
posted on
01/30/2003 9:20:54 AM PST
by
Grampa Dave
(Stamp out Freepathons! Stop being a Freep Loader! Become a monthly donor!)
To: Mudboy Slim
Geez, even my corrections this morning need correcting: Coffee not coffe
45
posted on
01/30/2003 9:22:11 AM PST
by
Grampa Dave
(Stamp out Freepathons! Stop being a Freep Loader! Become a monthly donor!)
To: Grampa Dave
LOL...MUD
46
posted on
01/30/2003 9:25:39 AM PST
by
Mudboy Slim
(Rudy Guiliani Fer Attorney General...NOW!!!)
To: snopercod
To: snopercod
And now the UN-environmental do-goodism is revealed for what it really is: massive financial looting and duplicitous malevolence towards the non-elite.
To: snopercod
The flamboyant career of the man who invented 24-hour cable news, Ted Turner, ended yesterday when he quit as vice-chairman of the AOL Time Warner media group after it announced a $US98.7 billion ($167 billion) annual loss - the largest in US corporate history.
One hundred Billion Dollars?
49
posted on
01/30/2003 10:35:21 AM PST
by
Liberal Classic
(Quemadmoeum gladis nemeinum occidit, occidentis telum est.)
To: snopercod
i wonder if ted is still donating 1billion to the UN?
To: snopercod
Hmmmm, AOL losing money hand over fist, CNN ratings in freefall decline. It's so obvious why it's incredible that the corporate suits are still dumbfounded.
51
posted on
01/30/2003 10:40:11 AM PST
by
1Old Pro
To: Grampa Dave
I don't see how he can buy CNN and the Atlanta Braves, since they are assets of the corporation and belong to the shareholders. CNN, with proper format change +wink, wink+, could make money, as can the team (if they don't already).
They are about one quarter away from filing for bankruptcy protection, and one big no no is selling off assets.
In his dreams.
He was told to get out or be publicly fired.
Let's enjoy this!
To: mabelkitty
That quarter away from bankruptcy is when some deals are made.
If they go into bankruptcy, the judge will put CNN and other losers up on the auction block.
What is AOL/TW's burn rate of capital per month/quarter, and how much do they have left on hand to fuel that fire?
53
posted on
01/30/2003 10:49:30 AM PST
by
Grampa Dave
(Stamp out Freepathons! Stop being a Freep Loader! Become a monthly donor!)
To: snopercod
I didn't know Turner is from France.
54
posted on
01/30/2003 11:04:02 AM PST
by
TheJollyRoger
(Vast right-wing conspirator for hire.)
To: snopercod
AOL has now broken a key technical support line and bear-flag formation on the daily and weekly charts which targets $6.50 per share and perhaps lower. Dig in you shorts, the best is yet to come.
To: snopercod
$US100 billion in value that has been wiped from its share price in the past 18 months. Yeah. I wonder if Ted will ask Kofi for his $1 billion back now to pay the mortgage.
To: vannrox
Sorry for the hit-and-run post.
You know why this is loss is so large and so visible right now, don't you...
Great insight there. Turner might someday have his head on a spike next to Ken Lay. Thanks.
To: Blue Screen of Death
a liberal running a business is like a conservative running an encounter group.LOL!, but then there is Bill Gates...
To: Grampa Dave
...he is going west to breed his buffaloesI recommend Teddy use a stepstool for that activity.
To: snopercod
Who says he will be on top and needing a stepstool?:)
60
posted on
01/30/2003 9:34:47 PM PST
by
Grampa Dave
(Stamp out Freepathons! Stop being a Freep Loader! Become a monthly donor!)
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