Time Warner

(

TWX

) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Time Warner fell 40 cents (-1%) to $38.58 on average volume. Throughout the day, seven million shares of Time Warner exchanged hands as compared to its average daily volume of 6.5 million shares. The stock ranged in price between $38.48-$39.12 after having opened the day at $38.93 as compared to the previous trading day's close of $38.98. Other company's within the Media industry that declined today were:

KIT Digital

(

KITD

), down 8.7%,

McClatchy Company

(

MNI

), down 8.7%,

ChinaNet Online Holdings

(

CNET

), down 7.5%, and

Tudou Holdings

(

TUDO

), down 6.6%.

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Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Film and TV Entertainment, and Publishing. Time Warner has a market cap of $36.81 billion and is part of the

services

sector. The company has a P/E ratio of 14.2, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Time Warner a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Time Warner as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

VisionChina Media

(

VISN

), up 20%,

NTN Buzztime

(

NTN

), up 13.6%,

Radio One

(

ROIA

), up 5.8%, and

Dex One

(

DEXO

), up 3%, were all gainers within the media industry with

Time Warner Cable

(

TWC

) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider

PowerShares Dynamic Media

(

PBS

) while those bearish on the media industry could consider

ProShares Ultra Sht Consumer Services

(

SCC

).

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