Time Warner net slips on legal reserve Reuters, New York ...
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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.
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New York Times Co. NYT.N on Monday  forecast third-quarter and full-year earnings below Wall  Street's average estimates on lower-than-expected revenue so  far in September, sending its shares to two-year lows.
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With Time Warner Inc. having cleaned up its balance sheet in 2004 and long-running federal accounting investigations entering their settlement stage, shares of the world's largest entertainment conglomerate ended the year with a growth spurt. Some on Wall Street believe there could be more upside in the new year.
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US stock-index futures declined. Dow Jones Industrial Average shares including General Electric Co. slipped in Europe. Citigroup Inc.
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Stock futures fell on Wednesday,  indicating a dip on Wall Street after Internet media company  Yahoo  reported a drop in quarterly profit and ahead of  the Federal Reserve's rate decision.
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Time Warner Inc said on Wednesday it  expects profit growth to slow in 2008 but possibly exceed Wall  Street estimates after it reported quarterly earnings that  reflected increases in broadband and phone subscribers and  sales of "Harry Potter" and "300" home videos.
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Shares of Time Warner Inc TWX.N rose  2 percent on Tuesday after a report that the world's largest  media company was near a settlement with regulators that could  limit potential shareholder lawsuits over probes into  accounting at its America Online unit.
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Time Warner Inc. (TWX), the world&#39;s largest media company, on Wednesday reported a lower third-quarter profit and established a $500 million legal reserve and said it will restate its accounting for its AOL Europe unit prior to 2002.
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The New York Times Co. NYT.N said on   Thursday it forecast lower third-quarter earnings than during   the same quarter last year because of a "challenging" print   advertising market, sending shares down nearly 5 percent in   after-hours trading.
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The New York Times Company reported a fourth-quarter profit of $53 million as revenue dropped, but it continued to fare better than most of its peers across the troubled newspaper industry.
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THE REGION New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard &amp; Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&amp;P said. Total advertising revenue fell 8.5 percent to $157.3 million ...
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Media giant Time Warner Inc. TWX.N  will pay fines of $210 million under an agreement with the U.S.  government to be announced on Wednesday to settle charges that  its America Online unit inflated revenue, a Justice Department  official said.
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Plus: TiVo posts small profit...Novell reverses year-earlier profit...Lenovo posts 2006-07 net surge.
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Time Warner Inc.'s  cable division said on Tuesday it has become a public company and expects its shares to be listed on the New York Stock Exchange and start trading as early as March 1.
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Time Warner Inc., the world&#39;s largest media company, said Wednesday that its third quarter earnings slid 8 percent as it set aside a $500 million reserve because of pending government investigations.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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Maybe I was a bit harsh last week when I was reminiscing about the days when AOL was a classic Rule Breaker. After all, Time Warner&#39;s (NYSE: TWX) online service has only lost 2 million net subscribers over the past year.