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    Time Warner Profit Drops 38 Percent
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    Despite this, Bewkes said he’s still bullish on print. "We believe the downturn in advertising is cyclical ... More people read Sports Illustrated than watch the World Series." Bewkes said that while Time Inc. is lowering the frequency of Fortune, for example, it is refocusing “our reporting on the largest and most important companies.” No magazines were closed Wednesday, but Bewkes added: “We will continue to take a hard look at our least profitable titles.” Full Article at The Wrap
    We believe the downturn in advertising is cyclical ... More people read Sports Illustrated than watch the World Series.
    SOURCE: The Wrap 3 weeks ago
All quotes from:
Time Warner Profit Drops 38 Percent
  1. Although we’re releasing fewer movies this year
    SOURCE: The Wrap 3 weeks ago
  2. I’m confident that the new content-focused Time Warner will be well positioned to deliver steady and attractive stockholder returns in 2010 and beyond.
    SOURCE: The Wrap 3 weeks ago
  3. We still expect to spin off AOL by the end of the year ... and we’re making great progress on our other longer-term strategic priorities. At the same time, we're investing even more in our businesses and increasing our direct returns to stockholders this year, while significantly strengthening our balan...
    SOURCE: The Wrap 3 weeks ago

Recent Photos From The Wire

  1. Muslims attend prayers on the occasion of Eid al-Adha at Jakarta's largest mosque, the Istiqlal November 27, 2009. Indonesia, the world's most populous Muslim nation, celebrates Eid al-Adha to mark the end of the Haj by slaughtering goats and cows and distributing the meat to the poor.
  2. A mother adjusts her daughter's headscarf before a prayer on the occasion of Eid al-Adha at Jakarta's largest mosque, the Istiqlal November 27, 2009. Indonesia, the world's most populous Muslim nation, celebrates Eid al-Adha to mark the end of the Haj by slaughtering goats and cows and distributing the meat to the poor.
  3. A child attends prayers on the occasion of Eid al-Adha at Jakarta's largest mosque, the Istiqlal November 27, 2009. Indonesia, the world's most populous Muslim nation, celebrates Eid al-Adha to mark the end of the Haj by slaughtering goats and cows and distributing the meat to the poor.
  4. People travel in a boat to attend Eid al-Adha prayers at a port in Jakarta November 27, 2009. Muslims around the world celebrate Eid al-Adha to mark the end of the haj by slaughtering sheep, goats, cows and camels to commemorate Prophet Abraham's willingness to sacrifice his son Ismail on God's command.
  5. MELBOURNE, AUSTRALIA - NOVEMBER 27: The Melbourne Demons new recruit Thomas Scully talks to the media during a Melbourne Demons press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  6. MELBOURNE, AUSTRALIA - NOVEMBER 27: The Melbourne Demons new recruit Thomas Scully talks to the media during a Melbourne Demons press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  7. MELBOURNE, AUSTRALIA - NOVEMBER 27: The Melbourne Demons new recruit Thomas Scully talks to the media during a Melbourne Demons press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  8. MELBOURNE, AUSTRALIA - NOVEMBER 27: The Melbourne Demons new recruit Jack Trengrove talks to the media during a Melbourne Demons press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  9. MELBOURNE, AUSTRALIA - NOVEMBER 27: Demons club president Jim Stynes talks to the media about the clubs 2010 draft picks Thomas Scully and Jack Trengrove during a press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  10. Muslims travel in a boat to attend Eid al-Adha prayers at a port in Jakarta November 27, 2009. Muslims around the world celebrate Eid al-Adha to mark the end of the haj by slaughtering sheep, goats, cows and camels to commemorate Prophet Abraham's willingness to sacrifice his son Ismail on God's command.
  11. MELBOURNE, AUSTRALIA - NOVEMBER 27: The Melbourne Demons new recruit Jack Trengrove talks to the media during a Melbourne Demons press conference at Melbourne Cricket Ground on November 27, 2009 in Melbourne, Australia.
  12. Denver Broncos quarterback Kyle Orton (L) hands the ball off to running back Correll Buckhalter during their NFL football game against the New York Giants in Denver, Colorado November 26, 2009.
  13. A money trader walks past a screen indicating the U.S. dollar rate against Japanese yen at the Foreign Exchange brokerage in Tokyo, Japan, Friday, Nov. 27, 2009.
  14. A woman using mobile phone walks by an electronic stock board of a securities firm in Tokyo, Japan, Friday, Nov. 27, 2009. The benchmark Nikkei 225 stock average lost -169.73 points, to end morning session at 9213. 51.
  15. A man looks at the electronic foreign exchange board of a securities firm in Tokyo, Japan, Friday, Nov. 27, 2009. The U.S. dollar fell to the 84 yen level Friday Morning.
  16. Cambodian villagers walk through a gate outside the courtroom before the U.N.-backed tribunal of Kaing Guek Eav, the former chief of the Khmer Rouge's notorious S-21 prison, in Phnom Penh, Cambodia, Friday, Nov. 27, 2009. Closing arguments were expected to conclude Friday in the genocide trial with both sides sparing over how much the former school teacher should be held accountable for the regime's brutality.
  17. A man communicates with a phone in front of the electronic stock board of a securities firm in Tokyo, Japan, Friday, Nov. 27, 2009. The benchmark Nikkei 225 stock average lost -169.73 points, to end morning session at 9213. 51.
  18. Cambodian villagers walk through a gate outside the courtroom before the U.N.-backed tribunal of Kaing Guek Eav, the former chief of the Khmer Rouge's notorious S-21 prison, in Phnom Penh, Cambodia, Friday, Nov. 27, 2009. Closing arguments were expected to conclude Friday in the genocide trial with both sides sparing over how much the former school teacher should be held accountable for the regime's brutality.