Time Warner recently posted a first quarter profit, rising a whopping 37% from the previous year. Shares when from 39 cents to 62 cents which might not be a lot to the average Joe, but it translated into a $400M profit. I bet that just got your attention. The company attributed its recent success to both the cable and magazine subscriptions. But let’s be honest, how many people do you know read magazines these days, let alone Time?
Topics: General |
