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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The Business of Television
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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
Despite the National Association of Television Program Executives’ ambitious plans to draw exhibitors back to the trade show floor next year, high costs and the general atmosphere of the NATPE 2009 conference could cause some sellers to keep on living the “suite” life. While NATPE veterans agree that...