Belo Profit Rises on TV Advertising Gains
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Belo Corp. BLC.N on Thursday said  quarterly profit rose 26 percent as political advertising  revenue at its TV stations during the presidential election  campaign outweighed weakness at its Dallas Morning News  newspaper.
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Media conglomerate Viacom Inc. on  Wednesday posted a 27 percent rise in second-quarter profit,  beating Wall Street estimates, on advertising sales growth at  its MTV Networks, boosting its shares nearly 4 percent.
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TV Azteca, a leading Mexican broadcaster, said that its fourth-quarter net profit was up more than seven times from the year-ago period, when earnings were hurt by the restatement of some assets. The company, owned by the media and retail tycoon Ricardo Salinas, said it earned 692 million pesos ($64 million) in the quarter ended in December, up from 93 million pesos a year ago. Quarterly revenue rose 3 percent, to 2.6 billion pesos. Sales from its United States venture, Azteca AmÃ©rica, totaled 118 million pesos, up 20 percent from the fourth quarter of 2005.
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Belo Corp. BLC.N said on Friday that  quarterly profit fell 64 percent, weighed down by costs  connected to a recent scandal involving inflated circulation  data at its Dallas Morning News newspaper.
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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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The company said it earned $256 million in the first quarter, tied to the performance of its Latin American business, and it raised its forecast for the year, sending shares up.
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Matsushita Electric Industrial Co. Ltd.,  the maker of Panasonic brand products, reported a 5 percent  rise in quarterly operating profit, driven by robust sales of  flat TVs, and it kept its full-year outlook.
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Pharmaceutical group Sanofi-Synthelabo said it had increased net profit in the first half of the year by 20.6 percent from the same period last year to 1.138 billion euros (1.38 billion dollars).
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Satellite operator Eutelsat reports a rise in profits on the back of  world demand for new TV and information services.
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Clear Channel Communications Inc., the largest U.S. 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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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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The Pepsi Bottling Group reported higher-than-expected profit yesterday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up.
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Belo Corp. BLC.N said on Friday that  quarterly profit fell about 64 percent, weighed down by costs  connected to a recent scandal involving inflated circulation  data at its Dallas Morning News newspaper.
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Publishing &amp; Broadcasting Ltd.&#39;s second-half profit more than doubled as advertising sales and gaming returns increased at the owner of Australia&#39;s top-rating television network and the nation&#39;s biggest casino.
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Bertelsmann, the world's fifth-biggest media group, has said that group earnings were up first six months of the current year, thanks to the strong performance of its RTL television arm and new acquisitions.
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Pepsi Bottling Group Inc.  on Tuesday reported higher quarterly profit, helped by price increases it placed on its drinks, and raised its full-year forecast.
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Rupert Murdoch&#39;s News Corp. posted a higher profit Wednesday for its fiscal first quarter, driven by strong revenue gains in its broadcast and cable TV operations.