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NEW YORK -- Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast, in a sign that advertising sales at cable networks such as TNT are recovering and that cost-cutting at the Warner Bros film studio is... Full Article at Financial Post
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NEW YORK (Reuters) - Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast in a sign that advertising sales at cable networks such as TNT are recovering and cost cutting at the Warner Bros film studio... Full Article at The New York Times
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Nov. 4 -- Time Warner Inc. , owner of Fortune magazine and the HBO channel, raised its 2009 forecast and reported third-quarter profit that fell less than analysts estimated on cost cuts and rising cable-television revenue. Full Article at AZ Central.com
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The surprising results from the media powerhouse -- earnings per share beat analyst forecasts by about 15 percent -- come during a major repositioning at Time Warner, which has spun off Time Warner Cable and is about to spin off AOL. Full Article at International Business Times
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NEW YORK -- Time Warner's third-quarter profit fell 38%, but exceeded Wall Street expectations, leading the media giant to raise its full-year profit forecast. Full Article at Hollywood Reporter
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The steps we took to increase market share ... are starting to pay off as are our restructuring efforts ... As I look ahead, I am seeing some encouraging trends in most of our business.
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AOL is currently weighing some additional restructuring plans, but pending those steps, it will be challenging to materially reduce its fixed cost base much further.
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Cost containment has been thematic to the Jeff Bewkes regime ... He demonstrated this hawkish ability to keep an eye on costs once again.
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Business is booking a little closer to air than usual
