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Stock Market & Financial Investment News

News Breaks
February 4, 2014
14:19 EDTTWXEarnings Preview: Time Warner set for Q4 earnings as Time Inc. spin-off looms
Time Warner (TWX) is set to report fourth quarter earnings before the market opens on Wednesday, February 5, with a conference call scheduled for 10:30 am ET. Time Warner, a media and entertainment company, owns HBO, CNN, and Warner Bros., among other properties. Time Warner has announced that it plans to spin off its publishing unit, Time Inc., into a separate, publicly traded company by the second quarter of this year. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $8.39B, according to First Call. The consensus range for EPS is $1.12-$1.18 on revenue of $8.21B-$8.66B. With its Q3 earnings release, Time Warner affirmed its FY13 outlook, saying it sees EPS growth in the mid-teens off a base of $3.24. The consensus estimate for FY13 EPS is currently $3.75. On its Q3 earnings conference call, Time Warner said it sees Q4 adjusted EPS flat against the prior year. LAST QUARTER: Time Warner reported Q3 adjusted EPS of $1.01 against estimates for 89c on revenue of $6.86B against estimates for $6.94B. Time Warner, which announced plans to spin-off of its Time Inc. publishing assets last March, said it expects to complete its divestiture in Q2. A report in Reuters earlier today said Time Inc. plans to restructure its operations, including eliminating 500 positions globally, in preparation of its spin-off. A December report from Capital New York said that CNN CEO Jeff Zucker is planning "massive changes" at the network, including more series and films in lieu of "obvious" news coverage. A Financial Times on January 23 said 40 senior journalists from CNN were let go as part of this reorganization under Zucker. STREET RESEARCH: Wall Street research has been relatively quiet on Time Warner during the quarter. In early December, analysts at Guggenheim downgraded Time Warner to Neutral from Buy, lowering their price target on shares to $73 from $80. Later that same month, Wells Fargo said Time Warner's risk/reward is positive, with the firm saying it does not believe the spin-off of Time Inc. is priced in, saying it sees its $73-$75 price target on shares as conservative. Shares of Time Warner are Outperform rated at Wells Fargo. In a note to investors earlier this month, analysts at Argus said the coming spin-off of Time Inc. could be transformative for Time Warner. PRICE ACTION: Shares of Time Warner, which gained more than 46% in 2013, are down over 10% year-to-date. In afternoon trading ahead of its Q4 report, shares of Time Warner are up 1.1%.
News For TWX From The Last 14 Days
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October 30, 2014
09:00 EDTTWXTime Warner Cable not concerned about other companies eating into business
In light of announcements from HBO (TWX) and CBS (CBS) for stand-alone streaming services, the company said it is more intrigued and more than prepared to work with video programmers to provide better video propositions.
08:23 EDTTWXMurdoch sees HBO online service doing 'fine' to start, WSJ reports
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06:34 EDTTWXHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
October 28, 2014
09:44 EDTTWXTime Warner's HBO to announce layoffs this week, Variety reports
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October 23, 2014
07:53 EDTTWXAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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October 21, 2014
09:55 EDTTWXBlackout not 'game changer' for Time Warner, DISH, says Wells Fargo
Wells Fargo believes the removal of several of Time Warner's (TWX) Turner channels from DISH's (DISH) line-up will not be a "game changer" for either company. Wells notes the majority of Time Warner's affiliate growth comes from TNT and TBS networks, and it does not expect the channel loss to impact DISH's subscriber trends. The firm expects the networks to come back to DISH "eventually."
October 17, 2014
10:58 EDTTWXHBO streaming service may cost around $15 a month, The Information reports
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08:00 EDTTWXHBO may have fight with cable operators over OTT service price, Reuters says
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