Time Warner Shifts MGM Bid to Cash
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Time Warner (TWX:NYSE - news - research) shifted gears in its pursuit of billionaire investor Kirk Kerkorian&#39;s Metro-Goldwyn-Mayer (MGM:NYSE - news - research), switching its $4.
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Media conglomerate Time Warner Inc.,  which operates six cinemas in China with local partners, has  agreed to sell three to a Chinese company and is in talks to  offload the rest, a company spokesman said on Thursday.
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NEW YORK/LONDON  - Warner Music Group Corp.  said on Wednesday any takeover offer it might make for Britain's EMI Group Plc  would probably be all cash.
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The move was part of a push by the company to return billions of dollars to its shareholders.
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Time Warner Inc.  on Wednesday  said its AOL unit will no longer charge high-speed Internet  users for e-mail and other Web services in a gambit to attract  more viewers and boost online advertising.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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A group of companies led by Sony Corp. of America put a lock on its acquisition of film studio Metro-Goldwyn-Mayer Inc. for about &#36;2.85 billion plus debt, giving it MGM's film library to exploit in DVD and newer digital media markets.
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The 5-year chart for Motley Fool Stock Advisor recommendation Time Warner (NYSE: TWX) fails to show the fantastic success of the Lord of the Rings trilogy and the Harry Potter series of films.
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Time Warner Inc, the world&#39;s largest  media company, will &quot;look hard&quot; in the next 12 to 18 months at  possibly selling off its AOL dial-up Internet access business,  similar to its strategy in Europe.
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Time Warner Inc. withdrew its bid  for Hollywood film studio Metro-Goldwyn-Mayer on Monday, after  sources said a rival bidder group headlined by Japan's Sony  Corp. raised its offer to nearly $5 billion.
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Blockbuster&#39;s saber rattling is the latest salvo in a bidding war for Hollywood. Blockbuster values its bid at around US$1 billion: $700 million in cash, plus the assumption of $300 million in debt.
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Time Warner Inc., the world's largest media company, won approval yesterday of a settlement of an investor lawsuit that a judge says will require the company to make changes in how it governs itself.
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Time Warner has been forced to set aside $500 million to deal with legal costs following investigations into accounting practices at the world&#39;s biggest media company.
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Plus: Write-downs widen DirecTV's loss...Time Warner net income slips...Cell phone unit shores up Verizon.
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Warner Music Group said on Wednesday any takeover offer for Britain's EMI Group Plc would probably all be in cash, briefly boosting the London-based company's shares.
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MGM, which is in the process of being sold to a group headed by Sony Corp., has insisted on a business-as-usual stance, but that business no longer involves the immediate production of a new James Bond movie.
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NEW YORK Time Warner on Monday withdrew its bid for Metro-Goldwyn-Mayer after failing to reach agreement on a price for the film studio controlled by billionaire investor Kirk Kerkorian.