Alactract.wordpress.com

No Media Bailout

It seems that TWX ( I own the stock ) has only about 25 % of the business attached to the economic slowdown. It is more of a content based business and can generate recurring revenue on a long term basis. Not only is it at less risk than it's competitors, but they are trying to unravel the mass amounts of non core assets they have. As a shareholder who is as disgruntled as any other, at least TWX didn't buy the weather.com property at an overinflated price. They spun off the cable property for a nice 10 billion dividend payment, and they have rolled new line cinema into the Warner brothers division. They have walked their walk so far. What remains is to dispose of AOL and possibly restructure or sell the magazine division. ( Frankly, at 10 dollars a share i'm a little surprised they haven't defended the stock by announcing a huge stock repurchase plan. ) In fact, all the media companies should really step up and defend the very businesses they are in by letting the world know that they are buyers of their own stocks.