Time Warner Gets A Gong From Analyst Throng


The parent company of such cable TV networks as HBO, TBS, TNT, and Cartoon Networks just got panned from a plethora of Wall Street analysts.

Although TWX shares were recovering in after-hours trading from Monday’s 3.1% slide, to $86.74, the takeover target of AT&T received downgrades from no less than nine financial institutions — a sign that the proposed deal isn’t warming over the hearts of many in the investment world.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.