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Icahn, Parsons Call Time Warner Undervalued

Stock quotes in this article: TWX , VIAB , DIS , NWS  

Time Warner(TWX Quote) chief Dick Parsons and restive shareholder Carl Icahn may not see eye to eye on much, but they agree that the media giant's shares are undervalued.

The two met Wednesday afternoon to discuss the company's future, in the wake of Icahn's demands that Time Warner separate its media and cable businesses and quadruple the scope of its stock buyback plan.

Neither side offered details of what was discussed, but everyone agreed it's worthwhile to keep the lines of communication open. ...

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