Time Warner saw its second-quarter earnings slip, but not as
badly as some industry watchers had expected.
The media and Internet giant also bumped up 2004 financial forecasts, in
part because of improving prospects for online advertising on its America
Online properties.
For the quarter, Time Warner earned $777 million, or 17 cents per share,
down 26 percent from $1.06 billion, or 23 cents per share, compared to the
same period last year. Last years numbers spiked because of the legal Independent News & Media issues bullish trading update - Business ::
Dec 23, 2006 The group's online operations - which include Ireland's largest property portal, Propertynews.com - showed particularly strong advertising
http://www.independent.co.uk/news/business/news/independent-news-amp-media-issues-bullish-trading-update-429680.htmlHOME |
The Digital Deluge - 12/10/2007 - Broadcasting & Cable::
Dec 10, 2007 Time will tell what online and mobile viewers prefer. producers and distributors are bullish about online and station managers are
http://www.broadcastingcable.com/article/CA6510934.htmlHOME |
settlement
with Microsoft. Analysts had expected earnings per
share for the most recent quarter to be 15 cents.
Revenues were $10.9 billion, up 10 percent, led by its movie studios (Warner
Bros.), TV networks (CNN, TBS) and cable company (Time Warner Cable).
I feel pretty good about the operations of this company, CEO Dick Parsons
said in a conference call with analysts.
Despite AOLs losing more than 668,000 subscribers during the quarter,
Parsons is still bullish on the Internet service and content provider, which
saw revenue inch up 2 percent in the second quarter.
AOL still has about 23 million subscribers in the United States. The
gradually declining dial-up business will continue to be profitable for
several years, Parsons said.
Insider Chatter by Donna Bogatin ยป AdWords::
In the long term, we remain bullish that online and mobile products will bring in better BUT, are the Google inspired claims that an online ad spend is
http://blog.insiderchatter.com/category/google/adwords/HOME |
Advertising is the reason for the CEOs optimism. In the second quarter, ad
revenue climbed by $42 million, a 23 percent gain over the same period last year. The
lions share of the increase came from paid search fees.
AOL expects continued gains in online ads because of its pending acquisition
of Advertising.com, which the company believes will help it extend to other sites
on the Web, as well as a generally improving market.
On the cable side, Time Warner saw gains in high-speed data revenues,
digital video services (including personal video recorder services) and ad
revenues.
Time Warner Cable added 127,000 net residential high-speed data subscribers
in the quarter for a total of 3.5 million subscribers, almost 20 percent of
homes that are eligible to receive the service.
Parsons said the company likes the cable business and would like to expand
its footprint. However, it gave no indication that an acquisition is in the
works. Analysts have speculated that Time Warner could purchase the assets
of bankrupt Adelphia.
At midday, shares of Time Warner were down 31 cents,
or 2 percent, to $16.60.
Pre-Article:MyDooms One-Two Punch Lacks Wallop
Next-Article:Database Security Suite Makes Tracking More Granular
| 