Time Inc. Ad Revenue Grows, but Only Because It Bought AmEx Publishing

Time Warner, the media company that owns HBO and the Warner Bros. film studio as well as Time Inc. for a few more months, surpassed analysts' estimates for both fourth-quarter revenue and profit in results reported on Wednesday.Excluding some items, earnings were $1.17 a share, the New York-based company said in a statement. Analysts had predicted $1.15 on average, according to data compiled by Bloomberg. Fourth-quarter revenue jumped 5% to $8.6 billion, also topping analysts' estimates.Pay-TV providers such as Verizon Communications and Comcast are paying more to carry Time Warner's programming, whether it's "Girls" on HBO or professional basketball games on TNT. That kind of revenue at Turner, which includes TNT and CNN, climbed 6% in the fourth quarter. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-02-05 00:00:00 UTC ]
News tagged with: #warner bros #film studio #york-based company #data compiled #pay-tv providers #fourth quarter

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