In the first of August, Time Warner reported higher earnings helped greatly by the movie Wonder Woman. Rishika Sadam and Jessica Toonkel of Reuters wrote an article about Time Warner. Time Warner is a media conglomerate headquartered in Columbus Circle in New York City and soon it will be a subsidiary of AT&T. If you wish to make about $5 a share, Time Warner will be exchanged for AT&T stock and cash of $107.50 later this year.

The revenue from the movie industry was up 12.4% to just under $3 billion; the movie Wonder Woman brought in $800 million; while Game of Thrones brought in $1.5 billion.

In the TV channel business the company owns Turner Broadcasting including the TNT and CNN channels. The revenue was up 3.1% but viewers continue to leave cable and go to on line streaming of Netflix and Amazon.

Linking to dividend paying stocks, a media conglomerate will generally earn a profit, in the case of Time Warner $7.33 billion but it often takes a hit movie to move the earnings in a substantial method. The media industry needs the home run type of result; ideally you are looking for companies which only need to hit singles and doubles to consistently earn their money.

There are more questions than answers, till the next time – to raising questions.