Time Warner shareholders have been biting their collective nails for the past few weeks, wondering what would happen with the second quarter earnings, due out tomorrow morning before the bell. What news will accompany the financials? Will AOL subscriptions be down yet again? Will the board be doing something radical: offering AOL emails for free, spinning off a portion of the company, or (who knows) creating yet another video sharing site?
The nails were bitten down another 1.52% today in anticipation as the stock fell 25 cents to $16.25, and down a few more cents in after-hours trading. This isn't cause for alarm, though: the price is several ticks away from the 52-week low of $15.70. Keep posted tomorrow as we'll be live blogging the earnings call at 8:30 a.m. EDT.
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Reader Comments (Page 1 of 1)
8-02-2006 @ 7:25AM
EJ Passeos said...
Great blast.
Will it ever end?
I love Mr. Parsons, his performance, and his ability to end the legal quagmire the AOLers created, but doesn't a CEO have answer to upset shareholders.
The endless footdragging, media bashing that AOL endures in unfair to its employees.
With Yahoo stumbling, why doesn't AOL just aim (no pun intended) high? Give it all away! Advertising is the model of success. AOL users are passionately loyal (others too, I'm sure), so why not use that loyalty to build on the advertising based model?
They should have done this years ago when they started draining subscribers to broadband. My dad swtitched to Road Runner, but wouldn't give up AOL for anything.
Without a visionary leader like Steve Case, the unit suffers. Mr. Miller has done an incredible job, but Mr. Bewkes seems to be undermining him. He's the boss, so that's ok, but there is no way he can run AOL and other parts of Time Warner, too.
Mr. Ichan was a scapegoat for those looking to bash anyone calling for change, but much of what he says/said is on the money.
Clearly, investors don't view AOL as valuable to TW. That's sad and shortsighted. AOL users and employees deserve much better.
Thank you and I adore the blog!
8-02-2006 @ 10:34AM
Sam Ginsberg said...
Give away the Broadband ,BUT make it better then your competitors.The Dial-ups are on slowy shrinking.Ad revenue should carry the future.What is lacking is capable management.This management from the top down has NO INNOVATION,and that is THE biggest problem in running AOL.Parsons and crew need to leave.A hostile move would be the best for the company....