August 3, 2012 |
Viacom Inc.'s profit fell short of Wall Street's expectations as the company continued to struggle with ratings declines at Nickelodeon and other cable networks while worldwide theatrical revenue took a nose dive. For the April-June period, the New York-based media company controlled by mogul Sumner Redstone generated net income of $534 million, or $1.01 a share, compared with $574 million, or 99 cents, for the year-earlier period. Fiscal third-quarter revenue came in at $3.24 billion, a 14% decline from $3.77 billion in the prior year period.
January 28, 2013 |
Marissa Mayer has put an end to a prolonged slump in Yahoo revenue. Fourth-quarter revenue rose 2% to $1.35 billion, Yahoo's first full-year revenue increase in three years. It was the first full quarter under new Chief Executive Mayer, who joined the tech giant from Google in mid-July. Mayer has sparked hopes that she can turn around the beleaguered company. The company's fourth-quarter net income declined 8% to $272 million, or 23 cents a share. The earnings would have been higher if not for one-time accounting charges.
January 30, 2014 |
SAN FRANCISCO -- Thanks to a boost in advertising sales, Google's fourth-quarter revenue surpassed Wall Street expectations, but its bottom line fell short. Google reported earnings, excluding certain items, of $12.01 a share on revenue of $16.86 billion. Analysts had expected earnings of $12.20 a share on revenue of $16.75 billion. The results came one day after Google said it would sell its Motorola Mobility business to Lenovo for $2.9 billion. And good thing, too. Motorola lost $384 million in the quarter.
November 11, 2013 |
Media mogul Rupert Murdoch's publishing company News Corp. swung to a profit in its fiscal first quarter -- its first financial reporting period as a stand-alone company -- but revenue slipped nearly 3%. News Corp. separated from the more profitable television and film assets, which became a separate company known as 21st Century Fox, on June 30. Murdoch's publishing company faces long-term challenges as advertisers flock to online platforms, and as its vast stable of newspapers in Australia continues to get clobbered by a weak economy.
December 9, 2009 |
Time Warner Inc. wants more juice out of TMZ, the celebrity website that is the brainchild of former Los Angeles TV newsman Harvey Levin. The media giant hopes to wring more advertising revenue out of the property and use some of the money to expand the news operation, according to people close to the site who were not authorized to speak publicly. That's the plan once Time Warner takes full control of TMZ today, when the media giant spins off AOL to shareholders. Since its launch by former KCBS-TV Channel 2 reporter Levin in December 2005, TMZ has been run as a partnership of AOL and the Telepictures unit of Warner Bros.
February 6, 2014 |
Rupert Murdoch's publishing company, News Corp., beat analysts' profit estimates even though advertising revenue continued to fall. News Corp. -- which includes the Wall Street Journal, New York Post, Times of London and HarperCollins book publishing -- released its fiscal second-quarter earnings late Thursday. It was the second earnings report at the company since it became a stand-alone entity at the end of June. "Direct comparables are awkward because the company, in its present form, did not exist a year ago," News Corp.