Dallas, Texas 03/13/2014 (FINANCIALSTRENDS) – Time Warner Inc(NYSE:TWX) executives admitted that the company would continue to retain the brand name of ‘Time Inc’ even after it would no longer be a part of the larger media company that Time Warner is.
The company is making all efforts to consolidate by spinning off its cable business to another US television major –comcast. However, this handover is likely to be affected only if the regulators as well as the federal law makers are acceptable on the massive monopoly that would result from such as spin-off.
Time Warner services overview
Time Warner Inc(NYSE:TWX) is the New York based entertainment group which has been witnessing diverse action in its sector via the segments it operates. These include – Film and Television, besides Networks as well as Entertainment and Publishing. And the description of Time Warner Inc’s activities is incomplete with reference to the hugely popular subscription-based television services it provides. Additionally, the company is also popular for the wide range of media properties it holds, especially in the digital category.
Another feature is the Film and TV Entertainment which includes – television, home video production as well as videogames production. Besides, the company’s publishing sector, which includes contribution to magazines as well as other sectors, is considered to be one of the major revenue earners for this business.
Financial overview for Time Warner Inc
Time Warner Inc(NYSE:TWX) has in the previous trading session, closed lower by over 0.62%, posting a fall in over 0.42 points. It currently holds an infra day trading range of $66.57 and $67.69. The company’s market cap is $60.20 billion and the profits to earnings ratio posted at 17.79.
Time Warner also holds 52 week trading range of $55.17 and $70.77. Previously the stock was trading at $67.29 and showed average share volume of 6.23 million. The EPS for this stock is 3.78, while the Beta is 0.99.