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Nov. 4 (Bloomberg) -- 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 Bloomberg.com
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When it comes to talking smack about the movie business, just leave Warner Bros. out of it. That's the word from Time Warner Chief Executive Jeff Bewkes. Full Article at Los Angeles Times
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NEW YORK Media conglomerate Time Warner Inc. reported a 38 percent drop in third-quarter profit, hurt by declines at its AOL and publishing segments.</p><p>But the results beat expectations and the company is boosting its full-year earnings forecast.</... Full Article at KansasCity.com
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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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NEW YORK Media conglomerate Time Warner Inc. reported a 38 percent drop in third-quarter profit, hurt by declines at its AOL and publishing segments.</p><p>But the results beat expectations and the company is boosting its full-year earnings forecast.</... Full Article at KansasCity.com
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Business is booking a little closer to air than usual
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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.
