Times Co. Swings to Profit
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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 New York Times Co. said on Tuesday that its Internet revenue could grow 30 percent in 2007, and that it is trying to cut costs and is continuing to rebalance its portfolio of properties to deal with a tough media climate.
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CSX Corp. on Thursday swung to a quarterly profit from a year-ago, as a gain related to the spinoff of Conrail helped offset service disruptions, some from storms, that weighed on volume growth.
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Time Warner Inc., 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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New York Times Co.  shares rose  as much as 7.5 percent on Wednesday and options traders cited  unusual call volume on speculation billionaire investor Warren  Buffett could build a stake in the company.
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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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Bolstered by lower printing costs and strong movie and fashion advertising, The New York Times Company posted earnings that defied steep declines by others in the industry.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.
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Media conglomerate Time Warner Inc.  said on Wednesday fourth-quarter profit rose 38 percent, boosted by an investment gain and a rise in AOL advertising sales.
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Pearson, the publisher of The Financial Times and the owner of Penguin books, said that profit fell 29 percent in 2006, partly as a result of a gain in the prior year on the sale of its stake in a Spanish newspaper. Income for the company, which also has a 50 percent stake in The Economist magazine and owns the French newspaper Les Ãchos, dropped to Â£446 million ($875.4 million) from Â£624 million. Revenue rose 8 percent, to Â£4.4 billion ($8.7 billion) as 8 percent sales growth at the companyâs schools publishing business in the United States outweighed slower sales at Penguin. Ad revenue was up 9 percent at The Financial Times. Excluding one-time items, profit rose 38 percent, to Â£455 million ($893.6 million) in 2006.
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Media conglomerate News Corp.  said on Wednesday its quarterly profit fell due to one-time gain a year earlier, offsetting higher "Borat" box office sales and "X-Men" DVDs and a rise in affliate revenue for Fox News.
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Bolstered by lower costs for newsprint and strong entertainment and fashion advertising, the Times  reported third-quarter net income of $13.4 million.
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News Corp. reported an 80 percent jump in net profits for the last three months of 2004 Wednesday driven by big gains in home video sales at its Twentieth Century Fox film studio and also higher income at its Fox News Channel and other cable networks.
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Loews Corp. , the conglomerate  run by the Tisch family, reported a nearly six-fold increase in  fourth-quarter profit on Monday, helped by gains at its  insurance and oil drilling units.
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News Corp. reported net profit of $536 million for its first quarter, up 27 percent on the same period last year. Revenues rose by 12 percent to $5.
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News Corp., the media company controlled by Rupert Murdoch, said fiscal first-quarter profit rose 27 percent, partly because advertising sales increased at its cable-television networks including Fox News Channel.
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Rupert Murdoch&#39;s News Corp. Ltd on Wednesday posted a 28 percent rise in quarterly profit as strong results in newspapers, broadcast and cable television countered weaker