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Time Warner: Tomorrow's Conventional Wisdom Today!

Regarding Time Warner?? surprisingly decent earnings report of yesterday, and Time Inc.?? what-took-them-so-long push into a more aggressive Web strategy:

Old CW: AOL?? walled garden approach allowed competitors to build massive leads in Web advertising; locking up key magazines in long-term arrangements kneecapped Time Inc.?? attempts to establish thriving online businesses.

New CW: There?? nothing but upside from here!

(Apologies extended to Mickey Kaus, Newsweek?? Conventional Wisdom Watch, and, uh, anyone else I am stealing this idea from.)

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