Warner’s needs a “Sorcerer”

The importance of Harry Potter and the Sorcerer’s Stone loomed large Wednesday as AOL Time Warner issued second-quarter results that were below analysts’ expectations. Shares in the media giant plummeted nearly 10 percent to $44.65 as analysts cast doubt that the company would be able to meet its target of $40 billion in revenue for the year and $11 billion in operating profits. In an interview with Thursday’s New York Daily News, John Corcoran, media analyst at CIBC World Markets, remarked: “Harry Potter needs very big shoulders for a little boy.”