It just goes to show: Time Warner is such a huge conglomerate and its stock is so immovable that the news and its price have no relation. Take today, for instance.

On a day when the big news included the company's beloved baseball team, the Atlanta Braves, in dead last in the team's division ("I'm just looking for a score that has a 'W' in front of it," said GM John Schuerholz "calmly") and the salacious rumors of CFO Wayne Pace's role as "sugar daddy" to a high-class prostitute, the stock was up 15 cents, nearly 1%, to $17.11.

Perhaps it's true, as one commenter noted, that it's a good thing Pace is [alleged to be] getting more love -- "If he's happy in the bedroom he'll perform better in the boardroom. As a stock holder, I think maybe she should bring over her friends and make sure he's extra happy."

Time Warner after the bell 06-19-06: Braves last, Pace in trouble, stock up? originally appeared on BloggingStocks on Mon, 19 Jun 2006 19:25:00 EST. Please see our terms for use of feeds.