Clear Channel Profit Rises, Lauds New Ad Strategy
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Clear Channel Communications Inc., the largest US radio station chain, on Friday posted higher operating earnings and said a new strategy to trim advertising airtime showed early signs of success.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30 percent, boosted by asset sales, more digital cable and phone customers, and a rise in AOL advertising sales.
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The Internet media company's quarterly profit was boosted by stronger online advertising and its acquisition of Overture Services.
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British satellite broadcaster BSkyB said profit rose by 16 percent in the first quarter as the group enjoyed strong subscriber growth in the run-up to the key Christmas trading period.
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Washington Post Co. (WPO.N: Quote, Profile, Research) said on Friday that quarterly profit jumped, boosted by results at its Kaplan education unit and television broadcasting operations.
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Omnicom Group OMC.N on Tuesday  reported a quarterly profit that outpaced Wall Street  expectations as the No. 1 advertising group added high-profile  accounts and benefited from increased global ad spending.
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Tribune Co.  reported a higher quarterly profit on Thursday because of one-time gains, while an extra week in the quarter boosted advertising revenue at the company's newspaper operations.
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Media conglomerate News Corp.  on Wednesday posted a higher quarterly profit, boosted by strong DVD sales of the film "Day After Tomorrow" and advertising sales at its cable networks.
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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, boosted by results at its  Kaplan education unit and television broadcasting operations.
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News Corp. said on Tuesday its  quarterly net profit rose 19 percent, boosted by advertising  revenue at the Fox News Channel, "Ice Age: The Meltdown" film  ticket sales, and the sale of radio stations.
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British Sky Broadcasting Group Plc, Rupert Murdoch&#39;s UK pay-television company, said fiscal first- quarter profit rose 3 percent as it gained more subscribers than analysts expected.
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Media company E.W. Scripps Co. SSP.N  on Wednesday raised its forecast for broadcast television  advertising revenue in the current quarter, citing a  stronger-than-expected market for political commercials in  October.
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Better margins yield much-improved earnings.
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Liberty Media said on Wednesday profit at two of its key division rose on higher subscriptions at Starz and higher sales at QVC.
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Spanish-language broadcaster Univision Communications Inc. on Thursday reported third-quarter profit rose as the company saw both its prime-time television audience and advertising sales increase.
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Clear Channel Communications Inc. , which has agreed to be bought by two private equity firms and the company's founding Mays family, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.
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OfficeMax Inc  posted a  better-than-expected quarterly profit on Tuesday, helped by  lower expenses and improved margins.