Posted on 07/30/2009 6:31:35 AM PDT by abb
Time Warner (TWX Quote) said second-quarter earnings fell 34% to $519 million, or 43 cents a share, from $792 million, or 66 cents a share, a year earlier.
Adjusted earnings of 45 cents topped the estimates of analysts of 37 cents a share as surveyed by Thomson Reuters.
Revenue in the quarter fell 9% to $6.8 billion. At Time Warner's content group, which is made up of the networks, filmed entertainment, publishing and corporate segments, revenue declined 6%.
The content division saw adjusted operating income before depreciation and amortization rise 4% in the period.
The company said it's "on track" to spin off AOL around the end of the year.
Time Warner said again it continues to expect 2009 full-year adjusted earnings to be flat compared with adjusted earnings of $1.98 a share in 2008. Analysts expect 2009 earnings of $1.99 a share.
"TIME, oh, TIME
Where did you go
TIME, oh, good, good TIME
Where did you go"
Ping. Actually, this story is from yesterday, but I was gone all day and it’s too good to not post.
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110728
Time Warner: Upfront Iffy, 2Q Profits Dive 34%
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110733
Meredith: Mags Down 12%, Broadcast Off 17%
http://thephoenix.com/Boston/News/87245-Times-Cos-super-potent-silent-treatment/
The Times Co.’s super-potent silent treatment
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/30/AR2009073000555.html
What If: The New New York Times
http://www.contentbridges.com/2009/07/yahoomicrosoft-deal-leaves-newspapers-on-sidelines.html
Yahoo-Microsoft Search Deal Leaves Newspapers on Sidelines
http://newsblogs.chicagotribune.com/towerticker/2009/07/sam-zell-on-tribune-co-i-suspect-that-sometime-between-now-and-maybe-as-early-as-the-end-of-the-year.html
Sam Zell on Tribune Co.: ‘I suspect that, sometime between now and maybe as early as the end of the year, it will exit from bankruptcy’
http://www.timesunion.com/AspStories/story.asp?storyID=825421&category=SCHENECTADY
Daily Gazette rethinks its free online content
http://www.salon.com/news/feature/2009/07/28/wired/index.html
Who needs newspapers when you have Twitter?
Order now to avoid the long lines ...
The more Time and Newsweek continue to publish *Obama’s picture on the cover the more their sales sink. More deathwatch for dinosaur media.
http://www.out-law.com/default.aspx?page=10205
Eleven-word snippets can infringe copyright, rules ECJ
http://www.newspaperdeathwatch.com/
Taking a Fresh Look at Reader Revenue
http://graphicdesignr.net/papercuts/
2009 total: 12,840+ jobs
Layoffs and buyouts at U.S. newspapers in 2009
http://newsosaur.blogspot.com/
Newspaper rally? Curb your enthusiasm
http://finance.yahoo.com/news/Lee-Enterprises-posts-3Q-loss-apf-3894285963.html?x=0&.v=4
Lee Enterprises posts 3Q loss, ad sales plunge
http://finance.yahoo.com/news/Lee-Enterprises-Reports-bw-3022941214.html?x=0&.v=1
Lee Enterprises Reports Results for Third Fiscal Quarter
Ping me when they file Chapter 11.
But they have, they have.
Last count, 12 times.
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110730
Ad Market Pummels MSLO, McGraw-Hill
http://www.medialifemagazine.com/artman2/publish/Alternative_media_43/Lesser_sports_feel_pinch_of_hard_times.asp
Lesser sports feel pinch of hard times
http://www.medialifemagazine.com/artman2/publish/Hereandthere/Pew_The_web_offers_cable_alternative.asp
Pew: The web offers cable alternative
http://www.smartmoney.com/news/ON/?story=ON-20090729-000712-1123
Time Warner CEO: Advertising More Stable, Visibility Limited
http://www.mediaweek.com/mw/content_display/news/digital-downloads/broadband/e3iccea11f70440c0b37159c4b47f060c84
Report: Consumers Substituting Online TV for Cable
http://finance.yahoo.com/news/Martha-Stewart-Living-posts-apf-4241632128.html?x=0&.v=1
Martha Stewart Living posts 2Q loss
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998236
Cox Ohio Publishing Offers Buyouts
http://mediadecoder.blogs.nytimes.com/2009/07/29/isnt-every-reporter-looking-for-another-job/?
Isnt Every Reporter Looking for Another Job?
http://www.broadcastingcable.com/article/325988-Emmys_Cut_Awards_from_Telecast.php
Emmys Cut Awards from Telecast
Eight of the 28 honors to be prerecorded and “time-shifted”
http://adage.com/article?article_id=138202
Southern Comfort Pours Entire Media Budget Into Digital
http://www.adweek.com/aw/content_display/news/digital/e3i4e32728fe86b6c04460b5f15c953f21c
Web Video Taking Cable’s Place
http://www.foliomag.com/2009/reed-business-information-magazines-back-block
Reed Business Information Magazines Back on the Block
http://www.beeguildnow.org/
Guild members OK company vacation proposal
http://www.newsnet5.com/news/20207978/detail.html
Sun Newspapers Cutting 11 Community Papers
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998827
‘Newsday’ Reports Q2 Loss of $2.6 Million
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998806
Lee Enterprises Swings to Loss on Tumbling Revenue, Impairment Charge
http://www.nwanews.com/adg/News/265523/
Publisher says newspapers must charge for online content
http://sethgodin.typepad.com/seths_blog/2009/07/death-spiral.html
Death spiral!
http://www.forbes.com/2009/07/30/jim-hopkins-gannett-business-media-gannett.html
Gannett Blog: The Exit Interview
http://steveouting.com/2009/07/29/nyt-membership-ideas-i-hope-theres-more-than-this/
NYT membership ideas: I hope theres more than this
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.