Time Warner Latest Hire Favors Breakup

What You Should Have Read, Dec. 13, 2007

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Time Warner Latest Hire Favors Breakup
The New York Times reports on Time Warner's latest hire, Douglas Shapiro, a former Bank of America media analyst who in his last published report on Time Warner back in February had a price target of $25 a share on the stock that has lately traded under $17 a share. In that report he recommended the stock as a "buy" partly because "we think there is a chance it pursues a restructuring eventually, including possibly divesting publishing or AOL, or even a full breakup of the company into is four logical components."
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