Time Warner Rebounds From Music Losses
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Time Warner Inc., the world's largest media company, reported Friday that its earnings nearly doubled in the fourth quarter without the losses from its former music division in the year-ago period and on higher results from cable TV, publishing and other businesses.
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Warner Music Group reported a narrower loss Monday, crediting a restructuring effort that cut costs.
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The media giant gets back in touch with its musical roots.
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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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That&#39;s what some shareholders of the media and entertainment conglomerate believe in the face of Time Warner&#39;s stalled stock price.
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Time Warner Inc. announced that it has set aside $500 million in legal reserves in connection with a government probe and that it will restate its financial results for 2000, 2001, and possibly 2002.
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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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Warner Music Group Corp on Friday  posted a fourth quarter profit helped by gains from litigation  against online music service Kazaa, but sales fell due to a  weak release schedule compared with a year ago.
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NEW YORK -- Recording company Warner Music Group Corp. said Friday it swung to a profit in the fourth-quarter, bolstered by a hefty settlement benefit, but its results fell short of Wall Street's expectations.
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Time Warner Inc., the world's largest media company, won approval yesterday of a settlement of an investor lawsuit that a judge says will require the company to make changes in how it governs itself.
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Shares of Time Warner Inc rose 2 percent on Tuesday after a report that the world&#39;s largest media company was near a settlement with regulators that could limit potential
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Time Warner Inc has expressed interest  in selling its equity stake in a subsidiary of Time Warner  Cable back to the cable division worth about $3 billion,  according to a regulatory filing this week.
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Media conglomerate Time Warner Inc.  said on Wednesday quarterly profit rose 34 percent, boosted by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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Time Warner Inc. said yesterday that it is creating a $500 million reserve in response to the federal investigations of its America Online unit and that it also will restate AOL Europe&#39;s financial results for 2000 and 2001.
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Sonyâs chief executive, Howard Stringer, said the electronics and entertainment company has recovered from its past financial problems.
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Global music sales are showing signs of recovery for the first time in four years thanks to DVD sales.
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Industry talk over the potential sale of Metro-Goldwyn-Mayer might have subsided in recent weeks. But despite summer vacation season, Time Warner Inc.