Time Warner&#39;s Q3 Profit Drops 7.8 Percent
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America Online&#39;s accounting practices are under investigation by the Securities and Exchange Commission and the Justice Department.
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Media giant Time Warner Inc. said Wednesday that third-quarter earnings declined year-over-year, and said it established $500 million in legal reserves related to pending government investigations and intends
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Comcast Corp., the nation&#39;s biggest cable television company, reported a sharp decline in its profit for the third quarter from results a year ago that included a big gain on the sale of its interest in the home shopping network QVC Inc.
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KNOXVILLE, Tenn. -- Regal Entertainment Group, the country&#39;s largest owner of movie theaters, Tuesday said its profit fell 37 percent in the third quarter, as box office receipts slipped.
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Merrill Lynch & Co. MER.N on Tuesday  said third-quarter profit fell 8 percent, hurt by reduced  trading in debt and equity markets.
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TIME Warner has reported an eight per cent drop in third-quarter net profit as it set up a Â£270 million legal reserve and said it will restate results for AOL Europe prior to 2002.
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Time Warner Inc. TWX.N, the world's  largest media company, on Friday said its quarterly net profit  rose by 76 percent, boosted by digital video, high-speed  Internet and higher advertising sales at its cable networks.
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Time Warner has said that it set aside $500 million to pay for potential penalties from a government investigation into accounting practices at America Online, a step that led to a 7.8 percent decline in profit in the third quarter.
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Warner Music Group Corp  on Friday posted disappointing operating results and said it saw substantial pressure on operating income in the current quarter, and shares slid as much as 3 percent.
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Time Warner&#39;s (TWX:NYSE - news - research) America Online division reportedly plans to cut 700 jobs next month in a concession to declining subscription rates at its flagship Internet unit.
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MUMBAI: For the third quarter ended 30 September, the media and entertainment conglomerate Time Warner recorded a net income of $499 million.
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PHILADELPHIA - Comcast Corp., the nation&#39;s largest cable company, reported a sharp decline its profit for the third quarter from results a year ago that included a big gain on the sale of its interest in the home shopping network QVC Inc.
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Comcast Corp , the largest U.S. cable TV operator, posted a 54 percent drop in quarterly net profit as fierce competition caused it to lose more basic video subscribers than expected, sending its shares down 10 percent on Thursday.
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U.S. investment bank Merrill Lynch &  Co. MER.N on Tuesday said third-quarter profit fell 8  percent, hurt by reduced trading in debt and equity markets,  which pushed revenue below expectations.
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Time Warner reported revenue growth of 5% for its third quarter, but net income declined and the company may have to restate its financial results for 2002 in connection with the investigation of accounting practices at its AOL division, the company said
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Time Warner Inc.  reported on Wednesday that quarterly profit rose 34 percent, boosted by AOL Internet asset sales in Europe and more digital cable and phone customers, but shares slipped as analysts said its 2007 outlook was overly conservative.
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Time Warner, the world&#39;s largest media company, on Wednesday said third-quarter profit fell as it established a $500m legal reserve and it will restate results for its AOL Europe unit prior to 2002.