After recently spinning off from AOL, and focusing more on producing movies, running cable TV networks and, to a lesser extent, publishing magazines.
Echoing comments from Mr. Murdoch a day earlier, Mr. Bewkes also said the economy was improving in a way that suggested the worst might be over for the media industry.
“There is increasing evidence that industry trends are going our way,” Mr. Bewkes said.
After reading your post, I found the New York Times article that was similar to your topic and thought I would expand on Time Warner. Following this year's profit Time Warner is trying to surpass this year's success by increasing advertising and the number of local communities served by AOL properties.
ReplyDeleteAOL stated it earned $1.4 million, or a penny a share, in the last three months of 2009. That compares with a loss of almost $2 billion, or $18.52 a share, a year earlier, when the company took a charge of $2.2 billion for the declining value of its assets.