Monday, May 2, 2011

Time Warner (NYSE:TWX) Signs Apple iPad Deal

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tdp2664 E money daily Time Warner (NYSE:TWX) has signed an iPad deal with Apple, ending a dispute regarding subscriptions. Time Warner (NYSE:TWX) Signs Apple iPad Deal Time Warner (NYSE:TWX), the country’s largest magazine publisher, has signed a deal with Apple Inc. to make all of its iPad editions free for print subscribers. This deal will mark a break in the impasse between publishers and Apple. Starting Monday, subscribers to Sports Illustrated, Time Warner (NYSE:TWX) and Fortune magazines will be able to access the iPad editions via the apps, which will be able to authenticate them as subscribers. Time Warner (NYSE:TWX)’s People magazine already had such an arrangement, but readers of most publications have had to pay separately for the iPad version regardless of their subscriber status. Time Warner (NYSE:TWX) shares were at 37.86 at the end of the last day’s trading. There’s been a 19.4% movement in the stock price over the past 3 months. Time Warner (NYSE:TWX) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.84 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.81 Zack’s Rank: 3 out of 6 in the industry



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