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Despite tough macro-economic conditions, Time Warner Inc. (TWX), the global leader in media and entertainment businesses, reported better-than-expected third-quarter 2009 results that topped the Zacks Consensus Estimate. Full Article at ETF Investor
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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 paying off. Full Article at International Business Times
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AFP - US media and entertainment giant Time Warner posted a 38 percent decline in quarterly net profit on Wednesday, dragged down by weak results in its publishing division and at Internet unit AOL. Full Article at France 24
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Time Warner said its business outlook has improved on a better-than-expected quarter. Full Article at Fortune
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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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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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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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Cost containment has been thematic to the Jeff Bewkes regime ... He demonstrated this hawkish ability to keep an eye on costs once again.
