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BUSINESS
August 3, 2011
Media conglomerate Time Warner Inc. said Wednesday that its second-quarter profit grew 14 percent, thanks to higher revenue from its TV channel business, video games and movies such as "The Hangover Part II. " The owner of HBO, Warner Bros. and People magazine reported net income of $638 million, or 59 cents per share, in the April-June period, up from $562 million, or 49 cents per share, a year earlier. Adjusted earnings were 60 cents per share in the latest quarter, above the 55 cents per share that analysts polled by FactSet had expected.
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SPORTS
March 28, 2014 | By Steve Dilbeck
Dodgers President Stan Kasten was full of good news. The Dodgers have sold a record 35,000 season tickets. For the first time they will have sold 3 million tickets by their home opener. TV ratings were up 40% last year and are expected to rise again this season. Only, about that. Those rising TV ratings just might require that most of Los Angeles is actually able to view the games. The Dodgers' mainland opener in San Diego is Sunday and Time Warner Cable has yet to sign an other major provider up with the team's new regional sports network.
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BUSINESS
November 3, 2010
Time Warner, the media conglomerate behind Warner Bros., HBO, CNN and DC Comics. said Wednesday its third-quarter net income declined, but adjusted earnings surpassed Wall Street's expectations thanks to growing subscription and ad revenue in its networks business. Providing more evidence that the advertising freeze has begun to thaw, the company again raised its adjusted earnings outlook for 2010, saying it now expects percentage growth in the high 20 percent range. In August Time Warner said it expects growth of "at least" 20 percent, another raise from the prior quarter.
ENTERTAINMENT
March 19, 2014 | By Joe Flint
The dinosaurs are getting WiFi. Time Warner Cable has hooked up the Natural History Museum of Los Angeles County with wireless Internet access. The WiFi, available starting Thursday, is free to Time Warner Cable subscribers while nonsubscribers will receive two hours of complimentary access. Installing WiFi into the 100-year-old building was no small task, according to Mike Roudi, Time Warner Cable's senior vice president of corporate development. The walls are thick, and the museum has many small rooms.
ENTERTAINMENT
March 6, 2013 | By Joe Flint
There's no more Time Inc. at Time Warner. Time Warner said it is spinning off its Time Inc. magazine unit -- home to such titles as Time, People, Sports Illustrated and Fortune -- into a separate, publicly traded company. The move comes after talks to merge Time Inc. with Meredith Corp., another magazine publisher, collapsed. “After a thorough review of options, we believe that a separation will better position both Time Warner and Time Inc.," said Time Warner Chief Executive Jeff Bewkes, who added that the move will allow the company to "focus entirely on our television networks and film and TV production businesses" and give Time Inc. "the flexibility and focus of being a stand-alone public company.
BUSINESS
April 17, 2011 | By Andrew Leckey
Question: Can I expect my shares of Time Warner Inc. to continue to gain in value? Answer: Long-term success for this media and entertainment company is likely to depend on original thinking in adapting to a changing media landscape. Time Warner owns cable TV channels HBO, CNN, TNT and TBS; movie studio Warner Bros.; and such magazines as People, Time and Sports Illustrated. It generates nearly one-third of its sales outside the U.S. The company's bottom line is likely to get a boost this year from film sequels "Harry Potter and the Deathly Hallows: Part 2," "The Hangover: Part II" and "Happy Feet 2. " On the smaller screen, TBS has a late-night hit on its hands with "Conan," but HBO has yet to equal past blockbusters "The Sopranos" and "Sex and the City.
ENTERTAINMENT
July 17, 2013 | By Joe Flint
Time Warner Inc. is overhauling the leadership at its Turner Broadcasting unit. Phil Kent, the longtime chief executive officer of Turner Broadcasting will give up that title in 2014, and John Martin, currently chief financial officer of Time Warner, will take over. Kent will stay on as chairman until his contract is up at the end of next year. There had been rumblings for several months that the move was in the works, but Time Warner had repeatedly denied that was the case. PHOTOS: Celebrities by The Times The low-key Kent has spent more than 20 years at Turner, and it was no secret that he was likely to leave when his current deal ended.
ENTERTAINMENT
February 5, 2014 | By Joe Flint
There's been no Netflix effect on HBO. Time Warner Chief Executive Jeff Bewkes, who used to mock Netflix as the "Albanian army" coming to take over the world, said its success doesn't hurt HBO either in terms of revenue or eyeballs. Talking to investors and analysts about its fourth-quarter and year-end earnings, Bewkes noted that HBO and its sister channel Cinemax added 2 million subscribers last year. Overall HBO is in 130 million homes around the globe compared to 44 million for Netflix.
BUSINESS
April 21, 1990
Some companies keep their eyes on the bottom line and their ears to the ground. Time Warner Inc. has placed theirs on the company's new corporate logo, designed by New York's Chermayeff & Geismar Associates. Ivan Chermayeff said the logo defines the company. "We simply asked ourselves, what is the business of Time Warner," Chermayeff said. "At its elemental level, Time Warner's products appeal to the eye and the ear."
BUSINESS
July 30, 2009 | Ben Fritz
A strong "Hangover" wasn't enough to keep Time Warner from becoming the latest media conglomerate to get hit by the soft advertising and DVD markets. The parent company of Warner Bros. reported a 34% decline in net income to $519 million and a 9% drop in revenue to $6.8 billion for the second quarter. Results were dragged down by troubled online division AOL, which will be spun off into an independent company later this year, and magazine group Time Inc.
BUSINESS
March 17, 2014 | David Lazarus
Time Warner Cable has assured customers that the company's $45-billion acquisition by Comcast will improve service and innovation. Customers might wonder how the pairing of two profit-hungry cable giants will remedy the biggest problem: ever-increasing monthly bills. Time Warner Cable has just sent out notices of its latest rate hikes, which take effect with the next bill. As usual, the company says higher prices were unavoidable. On the one hand, it says, "the rates that TV networks and programming providers are charging us to deliver your favorite channels have risen to new highs.
ENTERTAINMENT
March 15, 2014 | By Meg James
Time Warner Cable Inc. has stirred anger over its hike in subscription rates for customers and its efforts to extract hefty fees from rivals to air the L.A. Dodgers channel. Now it has incurred the wrath of city officials. On Friday, the city of Los Angeles sued the cable giant, alleging it stiffed the city on franchise fees over four years through 2011. The city seeks nearly $10 million in fees, money it said could have helped ease its budget problems during the financial crisis.
ENTERTAINMENT
March 11, 2014 | By Joe Flint
Although Time Inc. won't be part of Time Warner much longer, don't expect the media giant to change its name to better reflect its assets. "We haven't decided to change the name," Time Warner Chief Executive Jeff Bewkes said during an interview Tuesday at the Deutsche Bank Media, Internet and Telecom Conference in Palm Beach, Fla. Bewkes was responding to a question from Deutsche Bank analyst  Doug Mitchelson. Company insiders also have said a name change is unlikely. Instead, Bewkes seems pleased Time Warner Cable won't be around much longer, assuming its sale to Comcast gets through regulators and lawmakers.
SPORTS
March 4, 2014 | Bill Plaschke
If you're a Dodgers fan, you know somebody like Brian Gadinsky. Chances are, you may even be like Brian Gadinsky. The TV producer moved to Los Angeles on an October day in 1988. The next night, Kirk Gibson hit the home run, and Gadinsky has been hooked ever since. He has season tickets on the reserved level. He is neither famous nor entitled, he is just an average guy with a powerful passion about a team that has come to represent his love for his city. When Frank McCourt's regime began to slowly burn, Gadinsky angrily canceled his tickets.
ENTERTAINMENT
February 26, 2014 | By Joe Flint
Los Angeles, you may have a Houston problem. The Dodgers are expected to have a much better season than the lackluster Houston Astros, but fans of both teams may soon have a lot in common when it comes to watching the games on television. In Houston, a regional sports network owned by cable giant Comcast Corp., baseball's Astros and basketball's Rockets has struggled since launching in late 2012. Comcast was the only big distributor carrying it as other area pay-TV operators, including DirecTV and AT&T, resisted because they thought the price tag was too high.
ENTERTAINMENT
February 24, 2014 | By Joe Flint
Some small cable networks are worried that a combined Comcast and Time Warner Cable will make getting distribution more difficult. In a memo to his staff, Eric Sherman, chief executive of health and wellness channel Veria Living, said he is "not optimistic that this new development will be good for us or other independent networks. " Owned by Indian media giant Zee Group, Veria Living is a specialty channel that focuses on Eastern wellness practices. Its programs include "Got Zen?"
ENTERTAINMENT
November 7, 2012 | By Ben Fritz
"To me, the headline this quarter was the continued ... strength at our networks business," Time Warner Chief Executive Jeff Bewkes boasted Wednesday as the media conglomerate reported strong financial results driven by channels including HBO, TNT and TBS. Net income for the company as a whole and operating income across its business segments during the third quarter ended Sept. 30 was better than analysts had expected, driving a 3% rise in its share price to $44.41 by midday trading.
SPORTS
February 20, 2014 | By Eric Sondheimer
 After a month of not televising any City Section events following layoffs of its local sports employees, Time Warner Cable is resuming its high school sports coverage by televising the City Section boys' and girls' championship games in Division I, III and V on March 8. San Diego Section championships also will be televised on March 7. The Southern California regional championships will be broadcast on March 22 for Open Division, Division I...
ENTERTAINMENT
February 19, 2014 | By Joe Flint
The new distribution contract CBS Corp. signed with Time Warner Cable Inc. last summer after a bitter fight could be a casualty of Comcast Corp.'s proposed acquisition of the pay-TV operator. According to people familiar with the deal, it does not include provisions protecting all the terms of the pact should Time Warner Cable be acquired by a distributor with a sweeter arrangement. These people requested anonymity because the agreement is confidential. Terms of the CBS-Time Warner Cable pact were never publicly disclosed, but Comcast, which signed a 10-year distribution agreement with CBS in 2010, is believed to be paying a lower fee to carry the network's TV stations.
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