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Company Description

Contact Info

One Time Warner Center

New York, NY 10019-8016

United States

Phone: 212-484-8000

Fax: 212-956-2847

www.timewarner.com

ontinued to expand its online and mobile offerings for on demand viewing of programs from its networks and live streaming from CNN, HLN and Cartoon Network. These offerings are made available to customers of affiliates who have chosen to subscribe to packages that include the applicable Turner network and who must authenticate their subscription to view the programming online or through a mobile application. Authenticated on demand viewing of programs from TNT, TBS, Cartoon Network, Adult Swim and truTV and live simulcast streaming from CNN and HLN was available to approximately 80 million U.S. households as of December 31, 2012. Turner’s digital properties include brand-aligned Websites, as well as Websites that Turner manages and/or operates for third parties. Turner’s digital properties collectively averaged approximately 84 million average monthly domestic visitors during the quarter ended December 31, 2012. Turner is focused on using the interactive features of its digital properties to broaden and deepen its relationships with its audiences. TBS: TBS reached approximately 99.7 million U.S. television households as of December 2012. For the 2012-2013 season, TBS’ returning original series include Are We There Yet?, Men at Work and Sullivan & Son, and its new original series include King of the Nerds and Wedding Band. Syndicated series for the 2012-2013 season include The Big Bang Theory, Family Guy and The Office. TBS is also airing new episodes of Cougar Town for the 2012-2013 season and episodes from prior seasons through syndication. TBS is also the home of the late night talk show Conan. In 2012, Turner entered into an agreement to extend its relationship with Major League Baseball (MLB) through 2021, providing Turner with television rights and expanded digital rights to both postseason and regular season games. The new agreement with MLB includes digital rights to such MLB games across various platforms, including mobile, Internet, tablets and other connected devices. TBS also has the right to produce and telecast certain the National Collegiate Athletic Association (NCAA) Division I Men’s Basketball tournament games (the NCAA Tournament Games) through 2024. Related digital properties include TBS.com and TeamCoco.com, which promote TBS’s programming and brands and provide entertainment content, including video clips, original video content, games, community forums, social networking features, episode guides and, for authenticated subscribers, full episodes of programs airing on TBS. TBS.com also features the TBS Shop, which offers DVDs, Blu-ray Discs, collectibles and other items for sale to consumers. TNT: TNT reached approximately 98.7 million U.S. television households as of December 2012. TNT focuses on drama and is home to syndicated series, such as Bones, Castle, Las Vegas, Law & Order, The Mentalist and Supernatural, as well as network premiere motion pictures. For the 2012-2013 season, TNT’s returning original series include Falling Skies, Franklin & Bash, Leverage, Rizzoli & Isles and Southland, and its new original series include Major Crimes, Monday Mornings, Perception and Dallas. TNT also has the right to produce and telecast a certain number of National Basketball Association (NBA) regular season and playoff games through the 2015-2016 season, certain NASCAR Sprint Cup Series races through 2014, certain Professional Golfers’ Association (PGA) events through 2019 and certain NCAA Tournament Games through 2024. Tntdrama.com promotes TNT’s programming and brands and provides entertainment and sports content, including video clips, original video content, games, community forums, social networking features, episode guides and, for authenticated subscribers, full episodes of programs airing on TNT. The site also features the TNT Shop, which offers DVDs, Blu-ray Discs, collectibles and other items for sale to consumers. Turner also operates various applications that are extensions of some of the brands and programming on TNT. Turner Sports: Turner Sports produces sports programming and content for the Turner Networks and related digital properties. Turner Sports’ television line-up incl

 

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DIRECTV $63.92 USD -0.05
eBay Inc $54.48 USD +0.08
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Time Warner Cable Inc $96.03 USD +0.47
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TWX

Industry Average

Valuation TWX Industry Range
Price/Earnings 18.7x
Price/Sales 2.0x
Price/Book 1.9x
Price/Cash Flow 16.6x
TEV/Sales 1.2x
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