Time Warner Inc (NYSE:TWX) is mulling over an agreement that would send most of its magazines to Meredith Corporation (NYSE:MDP), as shown by a person with knowledge about the issue, putting titles like People and Entertainment Weekly in the hands of the Iowa-based publisher of Better Homes and Gardens.
The person, who refused to be identified as the talks are private, stated that Meredith would receive all but a handful of Time Warner’s 21 United States magazine titles according to the agreement. The person further reported that Time, Sports Illustrated and Fortune would remain with Time Warner.
The person declared Meredith is more interested in titles like Real Simple and InStyle that fit with its magazines aimed at women.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. AMC Networks Inc (NASDAQ:AMCX) rose +1.82% to settle at $59.76, Viacom, Inc. (NASDAQ:VIAB) moved up +0.73% to end at $59.55 while Netflix, Inc. (NASDAQ:NFLX) jumped +4.67% to finish at $186.27 on Wednesday.
Time Warner Inc. (NYSE:TWX) on Feb 13, 2013 increased +0.67% to the closing price of $52.85. The overall volume in the last trading session was 9.53 million shares. Its fifty two weeks range was $33.62 – $53.65. The total market capitalization remained at $49.26 billion.
TWX is ahead of its 52-week low with 59.08%. TWX’s last month’s stock price volatility remained 1.58%. In its share capital TWX has 932.00 million outstanding shares, among them 931.24 million shares have been floated in market exchange. TWX’s stock’s institutional ownership remained 87.02% while insider ownership included 0.03%.
The stock price of TWX is moving forward from its 20 days moving average with 4.28% and remote positively from 50 days moving average with 7.79%. TWX’s current year’s earnings per share experienced an addition with 14.02% while its current quarter performance remained at 19.03%. Company’s beta coefficient included 1.31. Beta factors measure the amount of market risk associated with market trade.
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