Key Developments: Time Warner Inc (TWX)
60.16USD
23 May 2013
$0.20 (+0.33%)
$59.96
$59.20
$60.56
$59.14
5,081,271
6,508,110
$61.73
$33.62
Latest Key Developments (Source: Significant Developments)
Time Warner Inc Reaffirms FY 2013 EPS Guidance
Time Warner Inc announced that for fiscal 2013, it reaffirms and expect percentage growth rate in Adjusted Diluted Net Income per Common Share (Adjusted EPS) to be in the low double digits off a 2012 Adjusted EPS base of $3.28. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.68 for fiscal 2013. Full Article
Time Warner Inc Declares Regular Quarterly Cash Dividend
Time Warner Inc announced that its Board of Directors have declared a regular quarterly cash dividend of $0.2875 per share of Common Stock, payable in cash on June 15, 2013 to stockholders of record at the close of business on May 31, 2013. Full Article
Time Warner Inc Announces Plan To Separate Time Inc.
Time Warner Inc announced that its Board of Directors has authorized management to proceed with plans for the complete legal and structural separation of Time Inc. from Time Warner. Following the proposed transaction, Time Inc. would be an independent, publicly traded company. Time Warner aims to complete the proposed transaction by the end of the calendar year. The proposed transaction will be structured as tax-free to Time Warner stockholders. The transaction is contingent on the satisfaction of a number of conditions, including completion of the review process by the Securities and Exchange Commission of required filings under applicable securities regulations and the final approval of transaction terms by Time Warner`s Board of Directors. Full Article
Time Warner Inc Issues FY 2013 EPS Guidance In Line With Analysts' Estimates; Sees FY 2013 Charge Guidance
Time Warner Inc announced that for fiscal 2013, it expects percentage growth rate in Adjusted Diluted Net Income per Common Share (Adjusted EPS) to be in the low double digits off fiscal 2012 Adjusted EPS base of $3.28. This outlook reflects the impact of approximately $60 million in restructuring charges that the Company anticipates incurring in fiscal 2013 at Time Inc. The outlook above does not include the impact of any future merger or unplanned restructuring and severance charges, the impact from sales and acquisitions of operating assets or the impact of taxes on the above items that may occur from time to time due to management decisions and changing business circumstances. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.65 for fiscal 2013. Full Article
Time Warner Inc Announces Dividend And Stock Repurchase Program
Time Warner Inc announced that On February 5, 2013, the Company`s Board of Directors increased the Company`s regular quarterly dividend by 11% to $0.2875 per share. January 2013, the Company`s Board of Directors authorized a total of $4 billion in share repurchases beginning January 1, 2013, which replaces the amount remaining under the prior authorization. Full Article
Time Warner Inc May Sell New York Headquarters-Reuters
Reuters reported that Time Warner Inc is considering of selling its New York headquarters and has asked real estate brokers to evaluate the building's value, potentially giving up on a monument to the dot-com era. Time Warner’s 1.1 million square-foot headquarters is part of the larger Timer Warner Center. Full Article
Time Warner Inc Reaffirms FY 2012 EPS Guidance
Time Warner Inc reaffirmed fiscal 2012 earnings guidance and expects adjusted diluted net income per common share (adjusted EPS) to be in the low double digits. The Company reported EPS of $2.89 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.20 for fiscal 2012. Full Article
Time Warner Inc Declares Regular Quarterly Cash Dividend
Time Warner Inc announced that its Board of Directors declared a regular quarterly cash dividend of $0.26 per share on its Common Stock, payable in cash on December 15, 2012, to stockholders of record at the close of business on November 30, 2012. Full Article
Time Warner Inc Reaffirms FY 2012 EPS Guidance-Conference Call
Time Warner Inc reaffirmed fiscal 2012 earnings guidance and expects adjusted diluted net income per common share (adjusted EPS) to be in the low double digits. The Company reported EPS of $2.89 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.20 for fiscal 2012. Full Article
Time Warner Inc's Unit Buys Bleacher Report Sports Website-Reuters
Reuters reported that Time Warner Inc said its Turner Broadcasting unit had bought sports website the Bleacher Report to bulk up the media Company's Internet sports presence, which includes websites such as NASCAR.com and NCAA.com. Terms of the deal were not disclosed. A Time Warner spokesman declined to comment on financial terms of the deal. The sports website will now operate as part of Turner's Sports division, the Company said in a statement. Full Article
Time Warner seeks approval to take voting rights in CME
PRAGUE, May 15 - Time Warner Inc. has sought European Commission approval to exercise voting rights in proportion to its 49.9 percent stake in broadcaster Central European Media Enterprises (CME) , CME said on Wednesday.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
