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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Time to rewatch this iconic performance of Where the Wild Things Are.

Today, April 9th, marks the fifty-eight publication anniversary of Maurice Sendak’s Where the Wild Things Are. Perhaps the most beloved children’s book of the latter half of the 20th century, Sendak’s gorgeously-illustrated tale of a young boy in a wolf suit who, upon being sent to bed with no... Continue reading at Literrary Hub

[ Literrary Hub | 2021-04-09 16:58:23 UTC ]
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Get 'Machine Learning for Cybersecurity Cookbook' ($31.99 value) FREE for a limited time

Organizations today face a major threat in terms of cybersecurity, from malicious URLs to credential reuse, and having robust security systems can make all the difference. With Machine Learning for Cybersecurity Cookbook you'll learn how to use Python libraries such as TensorFlow and... Continue reading at Betanews

[ Betanews | 2021-04-01 11:33:09 UTC ]
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In ‘Red Island House,’ an American woman is enchanted, then repelled, by her time in Madagascar

Andrea Lee’s superb fiction often describes the collisions between people from different cultures. Her new novel widens the scope. Continue reading at The Washington Post

[ The Washington Post | 2021-03-23 13:00:00 UTC ]
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It is once again time to kill for future Texas governor Matthew McConaughey.

If the last year has taught us anything, it’s that Austin’s (Lincoln-drivin’, Wild Turkey-suppin’, Longhorns-boostin’, emergency-broadcastin’, naked bongo-playin’, UT professorin’) favorite son, Matthew David McConaughey, is actually a far busier man than his famously laid-back public persona... Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-19 18:40:38 UTC ]
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Watch Viet Thanh Nguyen discuss 'The Committed' at the L.A. Times Book Club

Watch author Viet Thanh Nguyen talk about "The Committed" at the L.A. Times Book Club. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-03-11 00:19:23 UTC ]
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If writing’s got you down, remember that James Patterson’s first book was rejected 31 times.

Unless you’re a disgraced politician, trying to get a book published can be difficult, nerve-wracking, soul-denting work. If you’re anything like me, though, it really helps to hear that rejection is the rule in the publishing industry, rather than the exception. When my novel was out on... Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-10 17:04:17 UTC ]
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Make Time For 15 of the Best Erotic Short Stories and Novellas

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[ Book Riot | 2021-03-05 11:35:00 UTC ]
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Tough times need indie spirit

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[ The Bookseller | 2021-03-05 11:09:47 UTC ]
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Isabel Wilkerson, Jacob Soboroff, Akwaeke Emezi among L.A. Times Book Prize finalists

The awards recognize outstanding literary achievements in 12 categories, including the Ray Bradbury Prize for Science Fiction, with winners to be announced April 16. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-03-02 15:00:14 UTC ]
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The time is right to cancel Dr. Seuss’s racist books

Anyone shocked by the cancellation of six Dr. Seuss books hasn’t been paying attention. Continue reading at The Washington Post

[ The Washington Post | 2021-03-02 06:26:28 UTC ]
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The Challenge of Writing Humor in Dark Times

Writing duo Whitney Phillips and Ryan M. Milner negotiate how funny writing should be in an unfunny time. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-02-26 05:00:00 UTC ]
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S&S Posts Double-Digit Gains in Sales, Earnings in 2020

Sparked by a strong fourth quarter, Simon & Schuster finished 2020 with both sales and earnings up about 11% over 2019. A slew of adult nonfiction hits helped to drive the gains. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-02-25 05:00:00 UTC ]
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A library staffer has been fired for burning Trump and Ann Coulter books in his free time.

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[ Literrary Hub | 2021-02-17 17:26:28 UTC ]
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[ Publishers Weekly | 2021-02-12 05:00:00 UTC ]
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[ The Bookseller | 2021-02-09 15:02:23 UTC ]
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Joan Didion’s ‘Let Me Tell You What I Mean’ shows a writer ahead of her time

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[ The Washington Post | 2021-02-09 13:00:00 UTC ]
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[ The New York Times | 2021-02-09 10:00:09 UTC ]
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[ Literrary Hub | 2021-02-05 16:37:34 UTC ]
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[ The Bookseller | 2021-01-28 16:52:59 UTC ]
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