Time Warner Inc. reported fourth-quarter earnings Wednesday that rose from a year earlier and beat Wall Street's expectations, largely due to the final Harry Potter movie.
Time Warner Inc. posted second-quarter earnings Wednesday that rose from a year earlier and beat Wall Street's expectations, as revenue climbed at the fastest pace in almost four years.
Facebook and Time Warner Inc. announced a joint campaign urging students, parents and educators to "Stop Bullying: Speak Up."
Stocks ended in the red Wednesday, as disappointing reports on jobs and the services sector weighed on investors.
Time Warner posted a decline in first-quarter profit Wednesday, but said a surge in advertising sales boosted revenue.
After less than six months on the job, Jack Griffin is out as CEO and chairman of Time Inc., the world's largest magazine publisher. An interim management committee will run Time Inc. until a permanent successor is found, said Jeff Bewkes, CEO of parent company Time Warner in an email to employees Thursday night.
Time Warner Inc. posted fourth-quarter earnings Wednesday that beat Wall Street expectations, aided by a recovering TV advertising market.
Time Warner Inc. reported earnings that topped Wall Street's expectations Wednesday and raised its outlook for 2010, thanks in part to a boost in advertising revenue.
Time Warner Inc. posted a second-quarter profit Wednesday that rose from a year ago and beat Wall Street's expectations. It also boosted its full-year outlook.
Time Warner Inc. on Wednesday recorded its highest quarterly profit in company history, easily beating Wall Street's forecasts.
CNN's parent company Time Warner confirmed on Wednesday that it is in discussions with CBS News as well as other broadcast news organizations about a possible news-gathering partnership.
In its first financial report without Aol in a decade, Time Warner Inc. raised its dividend as it reported quarterly sales and profit Wednesday that rose from a year earlier and beat Wall Street's forecasts.
Thanksgiving is upon us. That makes it a perfect time to contemplate turkeys -- as in "What a turkey that deal was!"
Time Warner Inc. said Wednesday that its business outlook has improved, after the company posted quarterly profit and sales that fell from year-ago results but beat Wall Street's forecasts.
You don't often get to use "Time Warner" and "hot stock" in the same sentence, given the company's horrible investment performance over the years.
First, I need to disclose that as a loyal Time Warner employee, I've been a shareholder for a long time. Now after a series of exhorbitant deals that handed all the wealth we'd accumulated in decades to the owners of Warner, Turner and AOL, the media giant has at long last embraced a strategy that puts stockholders first.
Time Warner unveiled plans Thursday to spin off AOL as an independent company, an end to the massive media marriage formed in January 2001.
Jeffrey Bewkes, had a tough first year as CEO of Time Warner. The media giant posted its first annual loss in six years after writing down the values of its cable unit, AOL and its publishing arm, Time Inc. (parent company of Fortune). <P>Now Time Warner sees flat earnings in 2009 amid a tough ad market. On the plus side, the company was able to spin off Time Warner Cable, and in a vote of confidence for the perpetually ailing AOL, Google's top ad sales executive, Tim Armstrong was tapped to head the Internet unit. - <I>J.Y.</I>
The government's stimulus plan won't work as planned if we don't get consumers spending again. But in the nearly $800 billion package, there is one thing missing that would surely help accomplish this: advertising. To get people spending again, and the economy moving, the government needs to provide help for businesses in America to advertise their products and services.
Time Warner is expected to announce Wednesday that it has completed the accounting steps required to eventually separate AOL's dial-up Internet-access business from its advertising and content business, the Wall Street Journal reported Sunday.
Time Warner is dangling an eye-popping $10.9 billion gift to shareholders as part of its spinoff of Time Warner Cable. But it's a gift that will keep on taking in the form of $10 billion in additional debt and a heavy financing burden shifted to the cable unit.
Time Warner Inc. said Wednesday it plans to spin off the rest of its cable TV business, answering investor pleas to further simplify the media conglomerate's sprawling corporate structure
Jason Bazinet, a media analyst with Citigroup Global Markets, put it nicely in a research note Thursday: "Who, after all, wants to compete as a sub-scale player - with a less than complete set of Internet assets - in a world dominated by Google and Microhoo?"
Time Warner's new chief executive officer confirmed Wednesday that the media company is separating its struggling AOL access business from the division's growing online advertising business, a move that could lead to the sale of the traditional dial-up unit.
Are we heading into a recession? Wall Street may have a better idea after three big media companies report quarterly results this week.
There were no major surprises in the third-quarter earnings report of Time Warner, the world's largest media conglomerate.
Time Warner, the world's largest media conglomerate, reported third-quarter earnings that met Wall Street expectations on better than expected revenue. The company also reaffirmed its outlook for the rest of the year and announced an acquisition by its online unit.
Richard Parsons presided over Time Warner board meetings two weeks ago in London that included one memorable dinner in which, according to attendees, he appeared dressed in full Dumbledore regalia with the onscreen Harry Potter, Daniel Radcliffe, in tow. On he went to Delhi, where he strode, rajah-like, onto a vast stage at the city's historic Red Fort and opened the Fortune Global Forum before leading a side-trip of business leaders to Kolkata.
After a more than five-year stint running media conglomerate Time Warner, chairman and chief executive officer Richard Parsons announced Monday that he will resign as CEO as of Jan. 1, 2008.
At Time Warner headquarters in late July, dozens of Manhattan A-listers gathered to hear Senator Barack Obama participate in an off-the-record question-and-answer session led by Time Warner chairman and chief executive Dick Parsons.
Time Warner Inc. said Wednesday that quarterly profit rose 5.2 percent as it added more digital cable, Internet and phone customers.
A year ago, Time Warner finally relented to market pressure and decided to stop charging broadband customers for its AOL service access fees. Faced with a steadily declining AOL subscriber base, Time Warner made the decision to focus more on the rapidly growing online advertising market and make much of AOL's services free.
Media stocks, unlike the broader market, have not had a great start to 2007.
Time Warner (TWX) ranks no. 48 on FORTUNE's list of America's largest corporations.
Time Warner, the world's largest media company, reported better-than-expected earnings for the first quarter Wednesday thanks to robust results from its cable business and improved profits at its AOL division.
Media companies have been criticized by some on Wall Street and in Silicon Valley for being to slow to adapt to new competition, like the Internet.
This summer could wind up making this the biggest ever at the box office.
It is the rumor that just won't die.
Time Warner, the world's largest media company, disclosed in a regulatory filing Friday that chairman and chief executive officer Dick Parsons received annual compensation of $22.5 million last year, up from $16 million in 2005.
IRONY ROUNDUP: Whoa! Where to start? So much to talk about. How about, isn't it ironic, Hank Gilman points out, that Hank Paulson et al are whining about the need to roll back SarBox just when the subprime mortgage mess is getting messier? No one really knows how bad it could get. But of course regulation is bunk, right? We have the trusty credit rating agencies, right Bethany?! No wonder the markets are jittery!....
It's been a year since media giant Time Warner and activist shareholder Carl Icahn settled their differences. Icahn dropped his attempt to take over control of the company on February 17, 2006.
This week Carl Icahn announced that he'd scooped up a 1.9 percent stake in Motorola and threw the first salvos in a war of words designed to shake things up at the troubled cell phone maker. So far his latest investment has pushed Motorola shares higher, but is a 1.9 percent stake large enough to make a genuine difference in corporate governance?
Time Warner Inc., the world's biggest media company, capped off a roller coaster 2006 with fourth-quarter results Wednesday that were in line with most forecasts on Wall Street.
When it comes to crossing the line, bold-faced names rarely disappoint.
Who is Glenn Britt? Unless you work in the cable industry, or you're a particularly observant owner of Time Warner stock, you've probably never heard of Britt, who happens to be CEO of the media conglomerate's cable unit.
Time Warner posted solid gains in third-quarter earnings and revenues thanks to strong sales growth from cable and an improving profit picture at the company's AOL unit.
Look who's finally joined the media stock party.
No wonder Time Warner CEO Dick Parsons likes the cable business so much.
Are cable stocks cheap? Charles and James Dolan think so. In early October the Dolans, who own 22.5 percent of Cablevision stock and control 74 percent of the voting rights, offered to buy out publ...
Time Warner ranks no. 122 on FORTUNE's Global 500 this year, with $43.7 billion in revenues, up 1.8% from the previous year. The New York, New York-based company was ranked no. 100 on the 2005 list. Its 2005 profits were $2.9 billion, down 13.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Time Warner chief operating officer Jeffrey Bewkes said Tuesday he was confident that the media giant would be a leader in online media, even though the turnaround at the company's struggling AOL unit is just beginning.
Financier Carl Icahn increased his stake in Time Warner since he dropped his proxy battle to shake up the media conglomerate, according to his latest filing with the Securities and Exchange Commission.
Amid all the coverage around AOL's new strategy, you might not have noticed that Time Warner (parent of CNNMoney.com and Fortune) made another big announcement this week: The company, along with Comcast, completed its acquisition of Adelphia's cable-television assets in a deal that makes Time Warner's cable unit the nation's third-largest provider of multichannel programming behind Comcast and DirecTV.
Strong news on the earnings front, including reports from Procter & Gamble and Time Warner, could boost stocks Wednesday, ending a two-day losing streak.
When Carl Icahn tried to force Time Warner to split into four companies in February, it was easy to suggest that Icahn was being unfair in his criticism of the media giant.
Say what you want about Time Warner. The company has not had a problem making hit movies over the past few years. But this year, Time Warner needs Clark Kent to really make a "super" return.
Time Warner announced a deal Friday to buy the half of Court TV that it doesn't already own from partner Liberty Media for $735 million.
Time Warner, the world's largest media conglomerate, reported first-quarter sales and earnings that were largely in line with expectations thanks to strong growth at its cable and network TV divisions and also reaffirmed its operating profit forecast for 2006. But will that be enough to lift the stock out of its funk?
Time Warner Chairman and CEO Richard Parsons, who was under fire much of the last year from investor Carl Icahn, saw his total compensation decline slightly to $16 million in 2005.
Running a media conglomerate these days is no easy task. Just ask this magazine's überbosses at Time Warner. The audience is fragmenting, distribution is under siege, the Internet is stealing adver...
It's getting harder for boards to handpick new members this proxy season. More than 120 companies, including Motorola, Dell, and Time Warner, have recently signed on to new stricter corporate-gover...
Time Warner and Liberty Media are reportedly in talks that could lead to Liberty swapping its shares in the media conglomerate for some of its operating assets, including the Atlanta Braves baseball team.
Famed corporate raider Carl Icahn made his fortune forcing change at public companies, but his highly publicized campaign against Time Warner fell flat. But another well-known raider, Nelson Peltz, just won a big victory in his battle with Wendy's.
NEW YORK (CNNMoney.com) - Now that Carl Icahn has abandoned his attempt to take over control of Time Warner, investors must be wondering what is next for the beaten down shares of the media giant.
Time Warner reportedly will see its debt rise to a record for the company in order to pay for the $20 billion share buyback it agreed to in order to satisfy shareholder Carl Icahn.
U.S. stocks appeared ready to follow overseas markets higher Tuesday, despite the sharp rise in oil prices due to recent attacks by militants on Nigerian oil production.
Time Warner said Friday that it reached a settlement with Carl Icahn, the activist shareholder who had recommended that the media company be broken up into four separate units. The company did concede, however, to some of Icahn's demands and said it will increase its stock buyback plan and cut up to $1 billion in costs by the end of 2007.
Stocks could find themselves under pressure from rising oil prices in early trading Friday.
Carl Icahn has given up his plan to seek control of media company Time Warner, according to a news report Thursday.
Carl Icahn will unveil his slate of directors for the board of media conglomerate Time Warner Thursday, according to a published report, which said the former chief executive of a powerful pension fund, the California Public Employees' Retirement System, will be one of his candidates.
NEW YORK (CNNMoney.com) - It has been a week since billionaire activist shareholder Carl Icahn and investment bank Lazard proposed that media giant Time Warner be split into four companies.
Carl Icahn, the activist shareholder who leads a group of investors owning about 3 percent of Time Warner, unveiled his plan Tuesday to break up the world's largest media company.
Tuesday afternoon Carl Icahn, investor/agitator, will hold a press conference at the St. Regis Hotel in Manhattan, where he will present his case to boost Time Warner's stock price and release a voluminous report by his allies at Lazard Freres on the state of that company.
Time Warner reported fourth-quarter results Wednesday that were better than Wall Street was expecting... but that may not be enough to silence the media company's biggest critic, activist shareholder Carl Icahn.
Separated by three long blocks of Central Park South in Manhattan, two powerful businessmen sit in two impressive skyscrapers, all but glaring at each other across the park.
NEW YORK (CNNMoney.com) - Several major media companies are set to report quarterly results in the next few weeks. But the earnings are likely to take a back seat to more speculation about the rapid pace of wheeling and dealing in the industry.
Aggressive financier and Time Warner Inc. shareholder Carl Icahn said in comments published Saturday that he plans to call attention to what he considers over-the-top spending at Time Warner in the coming weeks.
Investor Carl Icahn, who represents a group holding about 3 percent of Time Warner's stock, will push for a merger of Time Warner's America Online and entertainment businesses with a small Internet portal, said a report Wednesday.
So just who is on Carl Icahn's phone list?
My thoughts are on two big boys and junk mail this morning.
Stocks looked set for a strong start Wednesday after a four-day selloff following solid gains in overseas markets.
Stocks look set for a solid start Monday as investors look for a resumption of the end-of-year rally on news of a couple of deals and a big court win for a Dow component.
Stocks ended lower Friday despite a steep drop in oil prices that left investors wondering whether the market's recent rally was over, at least for now.
Time Warner is exploring a sale of the Atlanta Braves and one of its cable networks that carries many of the teams' games.
Renowned investor Carl Icahn and his allies plan to push for Time Warner to be split into four separate companies, according to a published report.
Stocks look poised for early lift Friday after the November jobs report came in close to expectations.
Stocks futures turned slightly higher Wednesday morning after an unexpected rise in consumer prices.
In late July 2004, Time Warner's America Online unit assembled 25 or so of its top managers for a meeting at the Ritz-Carlton hotel in Midtown Manhattan. The session, held in a narrow conference room in the hotel basement, was blandly billed as a "strategic offsite." But in truth, though no one came right out and said it, the executives were there to plot AOL's last stand. Just before lunch, AOL's vice chairman, Ted Leonsis, and Mike Kelly, president of the media networks group, delivered a sobering assessment: Customers were defecting in droves from AOL dial-up accounts to broadband. Competitors like Yahoo and MSN were only getting stronger. To stay relevant--and to stay in business--AOL would need to build a Yahoo-like Internet portal. And to make that portal attractive to users and advertisers, AOL would have to offer up its rich content for free. Leonsis, a gregarious, sometimes unpredictable sort (the majority owner of the Washington Capitals hockey team, he once shoved a fan who taunted him at a Cap
A moderate cooling in world oil prices early Monday to below the key $60 benchmark could provide the catalyst to push stocks higher on Wall Street as bulls hoped to further last week's rally despite a retreat in overseas markets.
Stocks bounced back Wednesday morning, heading higher after the previous session's selloff in which the Federal Reserve boosted interest rates and signaled it would continue to do so.
Time Warner Inc. reported better-than-expected third-quarter sales and earnings Wednesday, thanks to strong results in its cable and network television operations.
Time Warner Inc. said Wednesday it's increasing its planned share buyback to $12.5 billion, responding to demands of financier Carl Icahn.
Stock investors will be looking for directions ahead the weekly inventory an hour after the market open Wednesday.
NEW YORK (CNN/Money) - The year is almost over...and it's not a moment too soon for major media companies.
Falling oil prices failed to rev up a wary stock market Thursday morning, with stocks languishing after reports showed a jump in the trade gap and a smaller-than-forecast drop in jobless claims.
Financier Carl Icahn said in a letter to Time Warner shareholders that the media company's board needs new outside directors due to past mistakes. The following is Time Warner's official response:
Dear Time Warner Shareholder:
Financier Carl Icahn launched a new attack Tuesday against the management of Time Warner Inc., arguing in a letter to shareholders that the media company's board needs new outside directors due to past mistakes.
NEW YORK (CNN/Money) - Which would you prefer: a restaurant that offers a select number of well-prepared entrees or a menu with listings that rival the number of words in the dictionary?
Prince Alwaleed bin Talal bin Abdul Aziz al Saud is the richest businessman in the Muslim world, worth upwards of $20 billion. He is also one of the biggest--and most successful--foreign investors ...