Time Warner's 2-for-1 split sends stock soaring

Article Abstract:

Time Warner has experienced an increase in its share price after it declared a 2-for-1 stock split, effective on Dec. 15, 1998, and received an investment grade debt rating from Standard and Poor's. The stock reached $106, the marking the first time that it closed at more than $100. The biggest beneficiary of the increase is Ted Turner, who owns around 10% of the company's shares. Investors look favorably at the company's TV hits, such as ER and Friends; the growth in its cable systems; a renewal of music sales; and the increase in advertising and circulation of its magazines.

Comment:

Experiences increase in share price after it declared 2-for-1 stock split, effective on Dec. 15, 1998

Diversified Companies, Securities prices, Article

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CNNfn leads Time Warner's charge to Internet

Article Abstract:

Time Warner, encouraged by the success of its Internet venture called CNNfn, is hoping to create five different sites that can be tied-up with services, such as e-mail and a search engine. The five sites, which will be named in a month or so, will provide features taken from Time Warner magazines, cable channels and entertainment such as sports and news. According to Sanford C. Berstein's Tom Wolzien, if the strategy will succeed, Time Warner could increase its cash flow in five years by as much as 20%.

On-Line Information Services, Videotex & Teletext, Services information, Internet services

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