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Wednesday, January 7, 2009 9:08 AM TweetThis
  • Time Warner (TWX) now expects a net loss for 2008, down from guidance of $1.04 to $1.07 a share. To boot, it will also take a $25B impairment charge related to goodwill and identifiable intangible assets at its Cable, Publishing and AOL segments. Shares slump 6.65% premarket. (PR)
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This news story has 1 comment:

  •  
    Time-Warner has been heading to the crapper since the 70's. It took no brain surgeon to understand that they were out of it.b Management was AWOL, the magazines are utterly moronic and the cable selection is inferior to Dish, or Direct TV.
    Jan 07 09:23 AM | Link | Reply