Time Warner reported lower first-quarter earnings because of big losses at AOL, but said profits were up at what it called its “Content Group.” Net income was $661 million or 55 cents a share, down from $771 million or 64 cents a share a year ago. Revenues fell to $6.9 billion from $7.5 billion. Time...
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Wed, Apr 29 2009
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Filed under: Broadcast, Cable, Digital, HBO, Syndication, Earnings, Time Warner, Jeff Bewkes, Turner Broadcasting, AOL, Warner Bros., first quarter
Even with the economy in recession, even with television distribution models in upheaval, even with the advertising business suffering, business was surprisingly good at the Cable Show ’09. Beating predictions of a serious attendance drop, the National Cable & Telecommunications Association’s annual...
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Sun, Apr 5 2009
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Filed under: Cable, Print Edition, David Zaslav, Discovery Communications, Comcast, Disney, Time Warner Cable, Time Warner, Jeff Bewkes, NCTA, Cable Show, Bob Iger, Steve Burke
Media companies just aren’t worth what they used to be. News Corp. and Time Warner last week both took billion-dollar writedowns against quarterly earnings as the economy lowered the value of some of their assets. The industry titans said the downturn was steeper than anticipated and the watchword going...
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Sun, Feb 8 2009
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Filed under: Broadcast, Cable, Advertising, Print Edition, Earnings, Scripps Networks, Time Warner, Jeff Bewkes, Rupert Murdoch, News Corp., Economy
It’s tough times for much of the television business, but Time Warner chairman and CEO Jeff Bewkes likes the TV-production business. “We feel very good about the TV production business,” Mr. Bewkes said on the company’s fourth-quarter earnings conference call with analysts. “It’s a high-profit business...
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Wed, Feb 4 2009
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Filed under: Broadcast, Cable, Nip/Tuck, FX, TNT, The Closer, Time Warner, Jeff Bewkes, Economy, Warner Bros. TV, Production
Time Warner on Wednesday reported a $16 billion loss in the fourth quarter and a $13 million loss for all of 2008. The bulk of the loss was the result of a $24 billion charge against asset impairments. “We’re making progress at Time Warner toward our goals of becoming a more content-focused company and...
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Wed, Feb 4 2009
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Filed under: Broadcast, Cable, Digital, Syndication, Time Warner, Jeff Bewkes, Networks, 2008, results, fourth quarter
Time Warner reported basically flat financial results for the third quarter, and said it was adjusting its full-year business outlook downward in the face of a "challenging economic environment." Revenue rose at the company’s cable networks. Net income totaled $1.07 billion, or 30 cents a share...
Time Warner CEO Jeff Bewkes today was as upbeat about the cable-television advertising outlook Wednesday as Viacom’s Philippe Dauman was concerned last week. On Time Warner’s second-quarter earnings conference call with analysts, Mr. Bewkes crowed about Turner Broadcasting’s performance in the second...