Time Warner (NYSE: TWX) is warning investors that it will report a net loss ranging from $1.04 to $1.07 a share profit. Back in November, the company said it expected income to grow 5 percent over 2007’s $12.9 billion. The company is also expecting an impairment charge of $25 billion. About $15 billion of those write-downs are related to Time Warner Cable (NYSE: TWC), which the company is planning on spinning off, although it still holds an 85 percent interest, the WSJ noted. Time Warner made the announcement in advance of CFO’s John Martin presentation at the 2009 Citigroup Global Entertainment, Media & Telecommunications Conference today. Following the news, Time Warner shares were down 6.1 percent in pre-market trading. Time Warner said the change in expectation was due to several factors and not just the worsening economic environment. For example, in December, it was hit with a $280 million expense related to a judgment against Turner Broadcasting System in a court case involving to the 2004 sale of its winter sports teams. Time Warner also pointed out that advertising at AOL and its publishing business suffered more than anticipated in Q4, reducing the expected income growth rate by about 1 percent. Release  (PDF) —In a research note, JP Morgan analyst Imran Khan estimates that the ad revenue shortfall at AOL is at least $64 million, implying an 18.4 percent year-over-year decline. Photo Credit: MACSURAK

Time Warner (NYSE: TWX) is warning investors that it will report a net loss ranging from $1.04 to $1.07 a share profit. Back in November, the company said it expected income to grow 5 percent over 2007’s $12.9 billion. The company is also expecting an impairment charge of $25 billion. About $15 billion of those write-downs are related to Time Warner Cable (NYSE: TWC), which the company is planning on spinning off, although it still holds an 85 percent interest, the WSJ noted. Time Warner made the announcement in advance of CFO’s John Martin presentation at the 2009 Citigroup Global Entertainment, Media & Telecommunications Conference today. Following the news, Time Warner shares were down 6.1 percent in pre-market trading. Time Warner said the change in expectation was due to several factors and not just the worsening economic environment. For example, in December, it was hit with a $280 million expense related to a judgment against Turner Broadcasting System in a court case involving to the 2004 sale of its winter sports teams. Time Warner also pointed out that advertising at AOL and its publishing business suffered more than anticipated in Q4, reducing the expected income growth rate by about 1 percent. Release  (PDF) —In a research note, JP Morgan analyst Imran Khan estimates that the ad revenue shortfall at AOL is at least $64 million, implying an 18.4 percent year-over-year decline. Photo Credit: MACSURAK

Time Warner (NYSE: TWX) is warning investors that it will report a net loss ranging from $1.04 to $1.07 a share profit. Back in November, the company said it expected to income to grow 5 percent over 2007’s $12.9 billion. The company is also expecting an impairment charge of $25 billion. About $15 billion of those write-downs are related to Time Warner Cable (NYSE: TWC), which the company is planning on spinning off, although it still holds an 85 percent interest, the WSJ noted. Time Warner made the announcement in advance of CFO’s John Martin presentation at the 2009 Citigroup Global Entertainment, Media & Telecommunications Conference today. Following the news, Time Warner shares were down 6.1 percent in pre-market trading. Time Warner said the change in expectation was due to several factors and not just the worsening economic environment. For example, in December, it was hit with a $280 million expense related to a judgment against Turner Broadcasting System in a court case involving to the 2004 sale of its winter sports teams. Time Warner also pointed out that advertising at AOL and its publishing business suffered more than anticipated in Q4, reducing the expected income growth rate by about 1 percent. Release  (PDF) —In a research note, JP Morgan analyst Imran Khan estimates that the ad revenue shortfall at AOL is at least $64 million implying an 18.4 percent year-over-year decline.

Time Warner Cable Inc. (NYSE: TWC) warned of a full-year loss for 2008 due to a one-time $15 billion noncash pretax impairment charge on its cable franchise rights.  The stock price fell $1.15 to $21.50....

Time Warner (NYSE: TWX) is warning investors that it will report a net loss ranging from $1.04 to $1.07 a share profit. Back in November, the company said it expected to income to grow 5 percent over 2007’s $12.9 billion. The company is also expecting an impairment charge of $25 billion. About $15 billion of those write-downs are related to Time Warner Cable (NYSE: TWC), which the company is planning on spinning off, although it still holds an 85 percent interest, the WSJ noted. Time Warner made the announcement in advance of CFO’s John Martin presentation at the 2009 Citigroup Global Entertainment, Media & Telecommunications Conference today. Following the news, Time Warner shares were down 6.1 percent in pre-market trading. Time Warner said the change in expectation was due to several factors and not just the worsening economic environment. For example, in December, it was hit with a $280 million expense related to a judgment against Turner Broadcasting System in a court case involving to the 2004 sale of its winter sports teams. Time Warner also pointed out that advertising at AOL and its publishing business suffered more than anticipated in Q4, reducing the expected income growth rate by about 1 percent. Release  (PDF)

Filed under: Deals, Microsoft (MSFT), Apple Inc (AAPL), Ford Motor (F), General Motors (GM), Viacom (VIA), Nokia Corp. (NOK), Citigroup Inc. (C), Bank of America (BAC), Merrill Lynch (MER), Wachovia Corp (WB), Wells Fargo (WFC), Time Warner Cable (TWC)

Citigroup Inc. (NYSE: C)'s CEO Vikram Pandit, chairman Win Bischoff, and board member Robert Rubin will forgo 2008 bonuses. This comes, of course, after the bank lost three-quarters of its market value and got a $45 billion U.S. bailout.

Time Warner Cable (NYSE: TWC) and Viacom (NYSE: VIA) have agreed to settle a dispute over carriage fees. This comes after Viacom threatened TWC with a blackout of its 19 ceable channels, including MTV, Nickelodeon and Comedy Central. With a deal in the works, TWC customers will suffer no blackout. TWC is expected to agree to pay a modest increase in fees to Viacom in the new deal.

Microsoft Corp. (NASDAQ: MSFT) has been the subject of much news, talk and rumors the past few days. First, on Wednesday, many of its Zune digital music player froze due to the leap year. Then, China sentenced 11 for software piracy. The allegedly sold at least $2 billion worth of bogus Microsoft software. And to top all that, the blogosphere was abuzz as rumors swirled that Microsoft was going to lay off 15,000 or 17% of its staff on January 15, 2009. With the current slowdown in the economy, it's not a stretch to accept Microsoft would initiate some jobs cuts; the question is at what magnitude.

Continue reading Stocks in the news: C, TWC, VIA, MSFT, GM, F, WFC, BAC, AAPL, NOK

Stocks in the news: C, TWC, VIA, MSFT, GM, F, WFC, BAC, AAPL, NOK originally appeared on BloggingStocks on Fri, 02 Jan 2009 08:18:00 EST. Please see our terms for use of feeds.

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Filed under: Viacom (VIA), Time Warner Cable (TWC)

The boobs who watch Comedy Central and MTV on Time Warner Cable (NYSE:TWC) will not have their viewing pleasure interrupted. Viacom (NYSE: VIA), the parent of the two content networks, has come to a financial deal with TWC to keep the programming on the air. Viacom wanted more money for having its shows on the cable system. It looks like it got that additional cash.

According to The Wall Street Journal, "Viacom had publicly threatened to pull its networks off Time Warner Cable's system on New Year's Eve in a bid to win higher payments from the cable giant in its negotiation over carriage fees."

Both parties can claim that they walked away with something good. Viacom gets more money for its programming. TWC keeps shows that are appealing to its paid subscribers. That means that what TIme Warner customers pay for the service over time will probably go up to offset the higher fees to Viacom, but not more than a dollar or two a month.

It is too bad that the programming was not taken down. People in front of their TVs, sitting in lounge chairs six or seven hours a day, might have been forced to get up and exercise or volunteer to help the poor. Instead they get the intellectual benefit of watching Beyonce and Britney Spears.

Douglas A. McIntyre is an editor at 247wallst.com.

Time Warner Cable and Viacom cut a programming deal originally appeared on BloggingStocks on Thu, 01 Jan 2009 14:29:00 EST. Please see our terms for use of feeds.

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Filed under: Deals, Apple Inc (AAPL), Dell (DELL), Viacom (VIA), Federal Natl Mtge (FNM), Time Warner Cable (TWC)

Dell Inc. (NASDAQ: DELL) is shaking up top management and may soon announce that Michael Cannon, president of global operations, and Mark Jarvis, Dell's chief marketing officer, will leave their roles, The Wall Street Journal reported. More changes are expected as part of Michael Dell's turnaround plan.

Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), Ginnie Mae -- The Federal Reserve is increasing its efforts to breathe some life into the ailing housing market and said Tuesday that it will begin purchasing up to $500 billion in mortgage-backed securities early next month From Fannie, Freddie and Ginnie. In doing so, the government hopes to lower the rates being charged for consumer loans. FNM and FRE shares traded 12.9% and 10% higher in premarket.

LyondellBasell Industries, the world's third-largest private chemical company, may file for bankruptcy protection. The Netherlands-based company has large U.S. operations. It found itself in the midst of a cash crunch as sales plunged, according to The Wall Street Journal. It told lenders it is trying to line up as much as $2 billion in bankruptcy financing. This could put chemical stocks in focus and under pressure.

Continue reading Stocks in the news: DELL, FNM, FRE, VIA, TWC, UBS, AAPL

Stocks in the news: DELL, FNM, FRE, VIA, TWC, UBS, AAPL originally appeared on BloggingStocks on Wed, 31 Dec 2008 08:13:00 EST. Please see our terms for use of feeds.

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Carnival Corp. NYSE:CCL reported 4th quarter and year end results yesterday and I thought a fun topic like cruise ships would be an interesting way to finish the week. With Carnival Corp. one thinks of Carnival Cruise Lines[More...]

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