{"id":2781,"date":"2005-11-04T00:28:00","date_gmt":"2005-11-04T00:28:00","guid":{"rendered":"http:\/\/brianjnoggle.com\/blog\/?p=2781"},"modified":"2017-12-27T10:45:42","modified_gmt":"2017-12-27T16:45:42","slug":"profit-tax-on-media-companies","status":"publish","type":"post","link":"https:\/\/brianjnoggle.com\/blog\/2005\/11\/04\/profit-tax-on-media-companies\/","title":{"rendered":"Profit Tax On Media Companies!"},"content":{"rendered":"<p>An era of record movie prices, record newspaper prices, and record cable television rates coupled with <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20051102\/ap_on_bi_ge\/earns_time_warner_12\" target=\"_new\">increasing revenue<\/a>?<\/p>\n<blockquote><p>Time Warner Inc., the world&#8217;s largest media company, reported an 80 percent increase in third-quarter earnings Wednesday and raised its stock repurchase program to $12.5 billion from $5 billion in an effort to meet shareholder demands to lift its slumping stock price.<\/p>\n<p>The New York-based company, whose properties include the Warner Bros. studio, HBO, CNN, a major cable TV company and Time magazine, posted net earnings of $897 million versus $499 million in the same period a year ago.<\/p><\/blockquote>\n<p>Time to levy a federal punitive tax on these businesses!  After all, what&#8217;s good for the <a href=\"http:\/\/www.washtimes.com\/business\/20051103-120703-8828r.htm\" target=\"_new\">oil companies<\/a> should be good for the media companies who cheerlead immoral (even if rendered not illegitimate by faux populists in the legislature) profit confiscation and redistribution, ainna?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An era of record movie prices, record newspaper prices, and record cable television rates coupled with increasing revenue? Time Warner Inc., the world&#8217;s largest media company, reported an 80 percent increase in third-quarter earnings Wednesday and raised its stock repurchase program to $12.5 billion from $5 billion in an effort to meet shareholder demands to [&hellip;]<\/p>\n","protected":false},"author":3334,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-2781","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/users\/3334"}],"replies":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/comments?post=2781"}],"version-history":[{"count":1,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2781\/revisions"}],"predecessor-version":[{"id":19099,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2781\/revisions\/19099"}],"wp:attachment":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/media?parent=2781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/categories?post=2781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/tags?post=2781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}