Time Warner (TWX) had a nice weekend. According to Box Office Mojo, the studio's Clash of the Titans spectacle retained its number-one position, bringing in $26.6 million at domestic theaters. At first, it seemed as if News Corp.'s (NWS) Date Night was going to be the top picture, but it ended up settling for second place after the final numbers came in (it was eventually credited with $25.2 million).

Besides that, the other news story this week is the apparent deal between Time Warner's TBS and Conan O'Brien; he'll create a new talk show for that network to debut sometime this November. This got me thinking about Time Warner and its stock: is it a buy right now?

What an interesting weekend at the box office. There was a lot to watch for those who invest in the media sector. Let's have a look at what went on.

First, Time Warner Inc. (TWX) scored with Clash of the Titans. I think most observers were expecting this one to reign supreme. According to estimates available at the time of this writing over at Box Office Mojo, Titans made over $60 million in the domestic marketplace. Shareholders are hoping that this will be the start of another good run for the studio. As you'll probably recall, Time Warner was very successful in the celluloid game during 2009.

Former Latin students of the world:

Salvete! I have good news!

No, your Latin teacher didn't actually give herself a lethal paper cut on your shoddy translation of Virgil's Aeneid. And, no, your local school board didn't finally decide that Latin was, in fact, "dead enough" to give up on trying to teach it.

But it's almost as good. Earlier today, Warner Bros. movie studio, a unit of Time Warner, announced plans to remake the old Latin class stand-by Clash of the Titans. The original feature film, which follows the codpiece-wearing hero, Perseus, as he fights monsters and Medusa, to save the beautiful Princess Andromeda. Andromeda, in typical princess style, spends most of the movie chained up to a rock, waiting to be rescued by the divinely chartered hero.