http://money.cnn.com/2013/05/01/news/companies/time-warner-earnings/index.html?iid=HP_River
Media conglomerate Time Warner reported improved quarterly earnings Wednesday. This improved quarterly income was huge after overcoming continued losses from the print unit it plans to spin off. The company whose holdings include Warner Bros. studios, HBO, Turner Broadcasting and CNN, as well as CNNMoney. The big announcement of spinning off Time Inc. unit, publisher of magazines such as Time, Sports Illustrated, and Fortune. With the spin off of Time Inc. will come a cut in employment up to 6%, which will help save money. Time Warner is also profiting a great deal from there successful movie "The Hobbit" and its original series "Game Of Thrones". Will these two successful output of products help Time Warner remain on track to set a new earnings high for the distinguished company? Could Time Warner force other companies such as Comcast or News Corp to go under with its success in the movie and television field?
Time warner is the second largest cable provider in the US. They will do just fine in this new market. Time warner cable has stated their customers are paying, on average, $1.27 extra than the fourth quarter of 2012. This is a very significant percentage. Time Warner will do very well for a long time and I agree that they could possibly start making some of their competition seem irrelevant in the next decade.
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