Time Warner 1Q earnings climb

Earnings at Time Warner Inc. grew 24% in the first three months of the year despite a slight drop in revenue, as the company benefited from strength in its television networks.Time Warner Inc. said Wednesday that first-quarter net income was $720 million, or 75 cents per share, compared with $583 million, or 59 cents, a year earlier. Adjusted for one-time items, the company earned 82 cents per share, beating the 75 cents expected by analysts surveyed by FactSet.But revenue of $6.94 billion was short of the $7.16 billion expected by analysts. In the same period last year, revenue was $6.98 billion.Its shares fell 95 cents, or 1.6%, to $58.83 in morning trading Wednesday.Time Warner said revenue growth at its television channels such as TBS and HBO was offset by declines at the studio production and magazine businesses.Revenue at the television networks grew 3% to $3.7 billion because of a 5% increase in subscription revenue, such as fees that cable and satellite TV companies pay to carry Turner channels.Advertising revenue at the networks fell 1% despite higher ad rates, in part because of weakness at CNN and the shutdown of channels in India and Turkey.The company said the Warner Bros. studio was successful with television productions, including hits such as Revolution on NBC and The Following on Fox. But revenue at the studio fell 4% to $2.7 billion because its movies didn't do as well in theaters and it had fewer TV shows available for licensing abroad.Another weakness... Continue reading at 'Crains New York'

[ Crains New York | 2013-05-02 00:00:00 UTC ]
News tagged with: #including hits #magazine business #$737 million #2% increase #sports illustrated #conference call

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The First New York Times Book Review Best-Seller List

The best-seller lists as we know them today have their roots in the Aug. 9, 1942, issue — but the Book Review has been tracking sales for much longer than that. Continue reading at The New York Times

[ The New York Times | 2021-10-21 14:55:10 UTC ]
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Third time lucky as Caldwell wins BBC National Short Story Award

Lucy Caldwell has won the BBC National Short Story Award with Cambridge University, a prize she has been nominated for three times.  Continue reading at The Bookseller

[ The Bookseller | 2021-10-20 02:07:31 UTC ]
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Nicholas Kristof Leaves The New York Times as He Weighs Political Bid

Mr. Kristof, a two-time Pulitzer Prize winner, is weighing a run for governor of Oregon, the state where he grew up. Continue reading at The New York Times

[ The New York Times | 2021-10-14 12:08:45 UTC ]
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Get 'Mastering Python for Networking and Security -- Second Edition' ($27.99 value) FREE for a limited time

It’s now more apparent than ever that security is a critical aspect of IT infrastructure, and that devastating data breaches can occur from simple network line hacks. As shown in this book, combining the latest version of Python with an increased focus on network security can help you to level... Continue reading at Betanews

[ Betanews | 2021-10-13 17:39:30 UTC ]
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Celebrate the Book Review's 125th Anniversary: A Times Event

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[ The New York Times | 2021-10-07 16:09:57 UTC ]
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Warner Bros celebrates Harry Potter's 20th anniversary with illuminated wands

The installation marks the 20th anniversary of the film Harry Potter and the Philosopher’s Stone. Continue reading at Media Week

[ Media Week | 2021-10-07 15:35:52 UTC ]
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It’s Time To Slow Down Your Audiobook Speed

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[ Book Riot | 2021-10-04 10:39:00 UTC ]
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Media startup Ozy shuts down after New York Times report raises concerns

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[ The Guardian | 2021-10-01 13:46:15 UTC ]
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Holly Smale | 'Change happens one story at a time, reminding the world what autism is from the inside'

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T.C. Boyle captures the intersection of folly and progress. This time, it’s the ill-fated Project Nim.

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[ The Bookseller | 2021-09-12 20:14:10 UTC ]
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[ The Bookseller | 2021-09-10 09:37:40 UTC ]
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W H Allen to publish New York Times Magazine's 1619 Project

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[ The Bookseller | 2021-09-09 11:16:58 UTC ]
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[ Publishers Weekly | 2021-09-09 04:00:00 UTC ]
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