Time Warner (which owns HBO, Time Inc., and Warner Brothers and is one of the largest media companies) received a gain of 9.8% profits in the last quarter. How?
-They focused on traditional media (movies and cable)
-They signed a deal to carry more than half the NCAA basketball tournament
-They scored big in the box office with Sherlock Holmes and The Blind Side
We'll see if the changes continue throughout the year. For now, let's let the company celebrate.