 |
|
|
|||||
Tag: time
2009-01-07 23:44:43| paidContent.org
Time Warner (NYSE: TWX) is warning investors that it will report a net loss ranging from $1.04 to $1.07 a share profit. Back in November, the company said it expected income to grow 5 percent over 2007's $12.9 billion. The company is also expecting an impairment charge of $25 billion. About $15 billion of those write-downs are related to Time Warner Cable (NYSE: TWC), which the company is planning on spinning off, although it still holds an 85 percent interest, the WSJ noted. Time Warner made the announcement in advance of CFO's John Martin presentation at the 2009 Citigroup Global Entertainment, Media & Telecommunications Conference today. Following the news, Time Warner shares were down 6.1 percent in pre-market trading. Time Warner said the change in expectation was due to several factors and not just the worsening economic environment. For example, in December, it was hit with a $280 million expense related to a judgment against Turner Broadcasting System in a court case involving to the 2004 sale of its winter sports teams. Time Warner also pointed out that advertising at AOL and its publishing business suffered more than anticipated in Q4, reducing the expected income growth rate by about 1 percent. Release (PDF) In a research note, JP Morgan analyst Imran Khan estimates that the ad revenue shortfall at AOL is at least $64 million, implying an 18.4 percent year-over-year decline. Photo Credit: MACSURAK Related @ UBS Media Week: Bewkes On AOL: Will Do Whatever Creates Most Value; Needs To Be 'Fairly Soon' Earnings Call: Time Warner's Bewkes Pushes Son Of Flubber Theme: 'Resilient' Is Word Of The Day Earnings: Time Warner Q3 Profit Dips On Flat Rev; $100M Charge For Time Cuts; AOL Ads Drop 6 Percent Check out the best business jobs in digital media. Go here for paidContent.org Job Board.
2009-01-06 01:30:23| Fast Company
Here's an over-sized hunk of eye candy: Dutch designer Bauke Knottnerus recently created a series of low-slung sofas made entirely from giant pieces of knitted "thread." Imagine getting hit by a shrink ray and then falling into your granny's yarn ...
2009-01-06 01:22:34| USATODAY.com Money - Top Stories
Gasoline prices have risen for the first time in 16 weeks as higher crude oil costs were reflected at the pump, the government ...
2009-01-02 21:16:51| CNNMoney.com
There's never been a better time to buy a car. On the other hand, there's never been a scarier or more confusing time, either.
2009-01-02 19:41:19| Young Entrepreneur Forums
Forum: General Internet Posted By: creative_master Post Time: 01-02-2009 at 12:03 PM
Tags
time
take
chances
time 2009