Free AOL? Just kidding, says Time Warner
As the blogosphere continued to pick apart AOL's plan to offer free e-mail this week, Time Warner investors have been getting increasingly nervous. So Time Warner put out a press release telling investors, in essence, to pay no attention to the rumors and wait until August 2 for an update on AOL's business strategy. It's as if the company was asking the market for a time-out, writes market commentator Frank Barnako on his blog.
And no wonder, given the sudden drop in Time Warner shares yesterday to a 52-week low of $16.56. But Time Warner's approach--casting aspersions on the press reports without specifics--hardly seems like an effective investor-relations strategy. Uncertainty, writes Bloggingstocks, is what's driving the media company's shares downward. And if all Time Warner is telling investors is that everything they've read is wrong, that adds more uncertainty, not less. (Time Warner, we should note, signs The Browser's paycheck, and funds our 401(k) plan with company shares.) 
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc.
Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .
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