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It's good to be a pal of Barack Obama these days -- except, of course, for all those new BFFs who think you've got the White House on speed-dial.
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The derivatives contract formerly held by Robert Tchenguiz in SCi has been sold. The future of Mr Tchenguiz's long contracts for difference position, covering 12.4 per cent of SCi's share capital, had been unclear since parts of Kaupthing, went into administration last week
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Time Warner Telecom (TWTC) has eased steadily throughout the first hour and 35 minutes of trading. The stock is posting its third loss in a row and is at its lowest level in two weeks, down 80 cents at $5.58.
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Bruce Wasserstein, chief executive of private equity firm Lazard, joined Blackstone co-founder Steve Schwarzman at a breakfast sponsored by Fortune magazine this morning to share their collective wisdom regarding the financial crisis. (For more on the breakfast, see our DealZone blog). At the end of the Q&A session, he got one of those out-of-the-blue questions from [...]
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George Osborne, the shadow Chancellor, is right to demand a public inquiry, similar to Hutton, into the banking crisis, though he shouldn't expect it to provide him with political ammunition in time for the general election. When it comes to this sort of thing, the wheels of government grind exceedingly slowly.
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Time Warner (TWX) climbed in pre-market trading, after reporting a rise in third quarter earnings.
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Wednesday, media and entertainment company Time Warner Inc. reported a slight decline in third-quarter net profit, mainly impacted by lower income from discontinued operations. Quarterly income per share from continuing operations increased from last year, and topped market projections. Meanwhile, Time Warner's cable division and the second-largest cable operator in the U.S., Time Warner Cable Inc., reported a 21.4% growth in third-quarter net income.
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Wednesday, media and entertainment company Time Warner Inc. reported a slight decline in third-quarter net profit, mainly impacted by lower income from discontinued operations. Quarterly income per share from continuing operations increased from last year, and topped market projections. Further, the company trimmed its fiscal 2008 earnings per share forecast, citing anticipated additional restructuring charges.
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The country’s second-largest cable operator reported a higher-than-expected third-quarter profit driven by phone and Internet subscriptions, but nudged down its forecasts for the year.
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Time Warner, the media conglomerate, posted a higher-than-expected third-quarter profit, helped by strong advertising sales and a summer blockbuster movie.
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Time Warner announced third quarter profits which beat analyst expectations, buoyed by higher advertising revenue from its Turner cable networks and subscription revenue at its HBO networks
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Time Warner Inc posted a higher-than-expected third-quarter profit, helped by strong advertising sales at its cable networks and the summer blockbuster “The Dark Knight.”
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Time Warner reported Q3 profits that beat Wall Street expectations, even as its AOL online unit continued to weigh down the company with a 6 percent decline in advertising revenue. The media conglomerate saw growth in its cable-access and cable-network businesses. However, its Time Inc. magazine unit showed weakness.
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Today’s a key day for Time Warner. Despite all the worries about a downturn in advertising and consumer spending, the media company managed to post higher-than-expected results. What helped? The summer blockbuster “The Dark Knight” for certain, as well as CNN. Strength at CNN shouldn’t come as too much of a surprise given the closely followed [...]
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With $11.71 billion in revenues during the quarter, media giant's cable and network segments offset AOL's continued weakened financial performance.
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Plus: Pioneer predicts greater loss...Motorola losses return...Comcast shows resilience...Sony's quarterly profit falls.
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Time Warner the world's largest media company has lowered its fullyear outlook saying the "challenging economic environment" and restructuring charges at Time Inc and New Line Cinema would hit profits.
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Time Warner Inc, the world's largest media company, said full-year profit will rise less than it previously forecast because of costs to restructure the Time Inc. magazine unit and "the challenging economic environment.''
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Their CEOs, Rupert Murdoch and Jeffrey Bewkes, struck sharply different tones about how the economic downturn was affecting their businesses.
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Outlook The best that can be said about BHP Billiton's 11th- hour decision to abandon its hostile takeover bid for Rio Tinto is that at least Marius Kloppers, the BHP chief executive, has managed to avoid the folly of Royal Bank of Scotland's Sir Fred Goodwin, who despite the eruption of the worst banking crisis in living memory hubristically pursued the overpriced acquisition of ABN Amro to the bitter end.
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It's not every day that you have a top executive in big business talk about how nice it will be to see the back of the Bush administration. Republican presidencies typically tout their adherence to free markets, unbridled capitalism and, most importantly, a smaller pile of what corporations often consider burdensome regulations. That isn't what [...]
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NEW YORK (Reuters) - Time Warner Cable Inc plans to offer limited wireless services in late 2009 or early 2010 using the WiMax high-speed wireless network that Clearwire Corp is building, the cable company's finance chief said on Monday.
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NEW YORK (Reuters) - Time Warner Cable Inc will likely sell fewer than expected video, Internet and phone subscriptions this year, and expects a further decline next year due to the worsening U.S. economy, Chief Financial Officer Rob Marcus said on Monday.
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Two Indian engineers who twice passed up the chance to buy Google have today secured 20m 13.5m of funding for their search site Kosmix.
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Time Warner named Jeffrey L. Bewkes, its chief executive, to the additional role of chairman, in line with a succession plan outlined by the current chairman earlier this year.
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(Reuters) - Entertainment software developer Eidos Plc said on Monday Time Warner Entertainment, a unit of media firm Time Warner Inc , bought 10 million shares in Eidos, increasing its stake to 19.92 percent in the company.
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Time Warner the US media giant has increased its stake in Eidos to nearly 20pc amid mounting speculation that the video games group is a takeover target.
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NEW YORK -- CBS and Time Warner executives have discussed joining forces to bid on rights to televise the Olympics in 2014 and 2016, The Associated Press has learned.
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Shows like "SpongeBob" and Jon Stewart may disappear if a deal is not reached.
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Media giant Viacom Inc. is threatening to pull MTV, Comedy Central, Nickelodeon and 16 other channels from Time Warner Cable Inc. if a new deal is not agreed upon by midnight Wednesday.
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Tuesday, Viacom Inc. (VIA, VIAB) said it plans to pull its networks from Time Warner Cable Inc. (TWC). Consequently, from January 1 onwards, Viacom's networks including Nickelodeon, Comedy Central and MTV will not be available for the customers of Time Warner Cable. Viacom will also deny Time Warner customers' shows like Dora the Explorer, SpongeBob SquarePants, The Daily Show with Jon Stewart, The Colbert Report, and The Hills.
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LOS ANGELES (AP) -- "SpongeBob SquarePants" might get squeezed off Time Warner Cable....
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Viacom Inc. says its Nickelodeon, MTV, Comedy Central and 16 other channels will go dark on Time Warner Cable Inc. at 12:01 a.m. Thursday if a new carriage fee deal is not set.
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Viacom and Time Warner Cable are doing their best to make sure that television addicts around the country get a chance to go outside and stretch their legs come New Year’s Day. Of course, the reason they’re doing their part for physical fitness has little to do with ensuring the health of their viewers. As Reuters [...]
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NEW YORK (Reuters) - Viacom Inc and Time Warner Cable remained at a standoff on Wednesday, but were hopeful that top executives would step in to resolve a dispute that threatens to prevent more than 13 million U.S. subscribers from seeing "Dora the Explorer" and Jon Stewart.
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The content push from television to Internet could get a boost tonight if Viacom follows through with a threat to pull Nickelodeon, MTV, Comedy Central and others from the Time Warner Cable lineup at Midnight. It's coming down to an 11th hour game of chicken but Viacom has shown in the past that it doesn't blink. (Techmeme) Of course, it comes down to money - Viacom is looking for more of it from Time Warner to carry popular programming like The Daily Show with Jon Stewart and Dora the Explorer. Time Warner, in response, says the fee hike is outrageous and that the programming isn't more valuable on January 1, especially since some of the top-rated shows are available on...
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Yet another reason to love large media companies, such as the one I work for: Viacom and my own evil overlords, Time Warner, are locked in a subscription-rate dispute that could knock MTV, Comedy Central and every other Viacom channel off Time Warner Cable at midnight tonight. Viacom is running ads and TV messages urging [...]
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With a midnight deadline looming, Viacom Inc. and Time Warner Cable Inc. With a midnight deadline looming, Viacom Inc. and Time Warner Cable Inc. exchanged shots in their high-stakes contract dispute that could leave millions of cable customers searching in vain for "Dora the Explorer," "SpongeBob SquarePants," or Jon Stewart.
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Viacom had threatened to pull 19 of its cable channels, including Nickelodeon, MTV, VH-1 and Comedy Central, from the cable firm's systems. Facing a backlash from TV viewers furious at the prospect of losing "SpongeBob SquarePants" and "Dora the Explorer," two media giants reached a new programming agreement that keeps those popular cartoon characters on the channels of the country's second-largest cable operator.
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A dispute over programming fees could leave millions of viewers with static where their favorite channels had been. Time Warner Cable subscribers could lose "SpongeBob SquarePants," "Dora the Explorer" and Jon Stewart at midnight tonight if the cable company fails to agree on a new contract with one of its biggest suppliers.
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LOS ANGELES (AP) -- Time Warner Cable Inc. said Wednesday it reached a deal with Viacom Inc. on carriage fees, avoiding a blackout of 19 cable channels including MTV and Comedy Central....
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There was good news in the early hours for tiny tots in New York, Los Angeles and other large cities: The “Sponge Bob” blackout has been avoided.
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Popular cable television channels such as MTV and Comedy Central could go dark in millions of homes across the US after licensing fee talks between Viacom and Time Warner Cable faltered and Viacom threatened a programming blackout
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