This morning I heard on the news that Time Warner made some gains this past quarter, it seemed at least on the morning news that it was from deep cuts and ad recovery but reading the compnay release it goes a bit deeper then just that. CNN remains uncertain, but (and I did not know this) seems Time Warner is moving in he direction of MGM. Make me wonder if they are going to try their hand at the theme park industry (thought Disney did MGM?) or that the move is more about halting the advancement of internet VOD. Here's the link if you would like to read more
Time Warner profit up on ad recovery, cable | Reuters
Time Warner profit up on ad recovery, cable | Reuters