Time Warner shows old media can still fly; Company rises again, thanks to Dick--or Carl; many units gain.(In the Markets)

Crain's New York Business,  February, 2006  by Flamm, Matthew

Tags: company, revenue, Time Warner Inc.

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Byline: Matthew Flamm Time warner Chief Executive Richard Parsons publicly patted himself on the back last week for the swell job he'd done in producing a 21% jump in fourth-quarter profits. Others, however, swore they saw the influence of Mr. Parsons' nemesis, uber-investor Carl Icahn, who has been haranguing the company to do more with its impressive collection of assets.

For investors, the debate is academic. Time Warner is on an upswing, and that is reason enough for investors to stock up on shares that may be on the verge of ending their two-plus years in the doldrums. The ...

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