MGM watch: Time Warner still interested

Time Warner reported first-quarter results on May 5. During a question-and-answer session, the company said it’s still interested in acquiring Metro-Goldwyn-Mayer Inc. but only at the right price.

The company said little else, but you can read a bit more by CLICKING RIGHT HERE to view a short sidebar story on Bloomberg.com. The Web site ran a longer story on Time Warner’s financial results.

As we all know by now, MGM controls half the 007 franchise and MGM’s financial ills (too much debt, too few hit movies) have caused work on Bond 23 to be suspended.