Sunday, August 7, 2011

Time Warner (NYSE:TWX) Sees Tablet Magazine Future

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tdp2664 E money daily Time Warner (NYSE:TWX)'s division has plans to produce its full magazine portfolio on tablets. Time Warner (NYSE:TWX) Sees Tablet Magazine Future Time Inc., a division of Time Warner (NYSE:TWX), has announced that it will produce versions of all of its 21 U.S. titles for tablet computers by the end of the year. This move was taken as a result of the company's finding that its digital magazine and other content applications have been downloaded more than 11 million times. Time Inc has signed an agreement with Barnes & Noble to sell digital subscriptions and single-copy issues of Fortune, People, Sports Illustrated and Time on the U.S. bookseller's Nook Colour electronic reader. Time Warner (NYSE:TWX)'s Time Inc's print magazine subscribers can upgrade their subscriptions to include digital editions at no additional cost. Maurice Edelson ,Time Inc. executive vice president, said that, “In the coming year, there will clearly be many more consumers using tablets, accelerating demand for content and driving advertiser interest. Having our entire portfolio available on tablets will create a significant new digital reach for our advertisers". Time Warner (NYSE:TWX) shares were at 32.25 at the end of the last day’s trading. There’s been a -8.0% movement in the stock price over the past 3 months. Time Warner (NYSE:TWX) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.85 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.74 Zack’s Rank: 4 out of 6 in the industry



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