BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Tech Observer >  

Time Warner What A Mess

Tech Observer

by Kevin Maney
Main
Jajah Gets Interesting with Yahoo Deal   Yahoo, Microsoft: Who's Got the Other Shoe and When Will It Drop?

Recent Blog Posts

Links

Apr 29 2008 12:00am EDT

Time Warner: What a Mess

Time Warner seems to be unraveling. Profits this quarter are down 36%. It is spinning off one of its most solid businesses, Time Warner Cable -- which grew 8% in the first quarter. AOL remains an Internet laggard -- its sales of display ads fell 18% in the quarter.

Bets are that cable is only the first to go. Time Warner will have to split itself into more pieces -- its current sprawling structure clearly isn't working. Funny that many expect the AOL + Time + Warner combination to eventually revert to a rough equivalent of separate AOL, Time and Warner companies. Talk about a failed empire.

Oh, speaking of empires that don't work, Barry Diller's IAC saw its profits fall 13% in the first quarter. This is why IAC is splitting into pieces.

. □

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

Slideshows

500 Startups Hits New York

Dave McClure's brainchild makes its way to New York and introduces East Coast money folks to some intriguing new companies. View Slideshow