Time Warner Earnings Fall 34% (Dinosaur Media DeathWatch™)

The Street.com ^ | July 29, 2009 | Joseph Woelfel

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Time Warner (TWX Quote) said second-quarter earnings fell 34% to $519 million, or 43 cents a share, from $792 million, or 66 cents a share, a year earlier.

Adjusted earnings of 45 cents topped the estimates of analysts of 37 cents a share as surveyed by Thomson Reuters.

Revenue in the quarter fell 9% to $6.8 billion. At Time Warner's content group, which is made up of the networks, filmed entertainment, publishing and corporate segments, revenue declined 6%.

The content division saw adjusted operating income before depreciation and amortization rise 4% in the period.

The company said it's "on track" to spin off AOL around the end of the year.

Time Warner said again it continues to expect 2009 full-year adjusted earnings to be flat compared with adjusted earnings of $1.98 a share in 2008. Analysts expect 2009 earnings of $1.99 a share.

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TIME

"TIME, oh, TIME
Where did you go
TIME, oh, good, good TIME
Where did you go"

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Ping. Actually, this story is from yesterday, but I was gone all day and it’s too good to not post.

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http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110728
Time Warner: Upfront Iffy, 2Q Profits Dive 34%

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110733
Meredith: Mags Down 12%, Broadcast Off 17%

http://thephoenix.com/Boston/News/87245-Times-Cos-super-potent-silent-treatment/
The Times Co.’s super-potent silent treatment

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/30/AR2009073000555.html
What If: The New New York Times

http://www.contentbridges.com/2009/07/yahoomicrosoft-deal-leaves-newspapers-on-sidelines.html
Yahoo-Microsoft Search Deal Leaves Newspapers on Sidelines

http://newsblogs.chicagotribune.com/towerticker/2009/07/sam-zell-on-tribune-co-i-suspect-that-sometime-between-now-and-maybe-as-early-as-the-end-of-the-year.html
Sam Zell on Tribune Co.: ‘I suspect that, sometime between now and maybe as early as the end of the year, it will exit from bankruptcy’

http://www.timesunion.com/AspStories/story.asp?storyID=825421&category=SCHENECTADY
Daily Gazette rethinks its free online content

http://www.salon.com/news/feature/2009/07/28/wired/index.html
Who needs newspapers when you have Twitter?

[catpuppy]

Fear not. According to Drudge, our Glorious Leader will grace Time's front page for the 12th time this year. That is certain to give circulation a huge boost.

Order now to avoid the long lines ...

[Harley]

The more Time and Newsweek continue to publish *Obama’s picture on the cover the more their sales sink. More deathwatch for dinosaur media.

[fireman15]

I can not believe that putting the Obamasia on the cover 12 times in 12 months didn't make them some money. Maybe they should start putting boobies on the cover like the British "news" magazines do to increase their readership.

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http://www.out-law.com/default.aspx?page=10205
Eleven-word snippets can infringe copyright, rules ECJ

http://www.newspaperdeathwatch.com/
Taking a Fresh Look at Reader Revenue

http://graphicdesignr.net/papercuts/
2009 total: 12,840+ jobs
Layoffs and buyouts at U.S. newspapers in 2009

http://newsosaur.blogspot.com/
Newspaper rally? Curb your enthusiasm

http://finance.yahoo.com/news/Lee-Enterprises-posts-3Q-loss-apf-3894285963.html?x=0&.v=4
Lee Enterprises posts 3Q loss, ad sales plunge

http://finance.yahoo.com/news/Lee-Enterprises-Reports-bw-3022941214.html?x=0&.v=1
Lee Enterprises Reports Results for Third Fiscal Quarter

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[stephenjohnbanker]

Ping me when they file Chapter 11.

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Turn Back The Hands of TIME

[Huskrrrr]

Maybe they should raise their subscription price.

[Landru]

"Maybe they should start putting boobies on the cover like the British "news" magazines do to increase their readership."

But they have, they have.
Last count, 12 times.

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http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=110730
Ad Market Pummels MSLO, McGraw-Hill

http://www.medialifemagazine.com/artman2/publish/Alternative_media_43/Lesser_sports_feel_pinch_of_hard_times.asp
Lesser sports feel pinch of hard times

http://www.medialifemagazine.com/artman2/publish/Hereandthere/Pew_The_web_offers_cable_alternative.asp
Pew: The web offers cable alternative

http://www.smartmoney.com/news/ON/?story=ON-20090729-000712-1123
Time Warner CEO: Advertising More Stable, Visibility Limited

http://www.mediaweek.com/mw/content_display/news/digital-downloads/broadband/e3iccea11f70440c0b37159c4b47f060c84
Report: Consumers Substituting Online TV for Cable

http://finance.yahoo.com/news/Martha-Stewart-Living-posts-apf-4241632128.html?x=0&.v=1
Martha Stewart Living posts 2Q loss

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TIME (Clock Of The Heart)

[paulycy]

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http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998236
Cox Ohio Publishing Offers Buyouts

http://mediadecoder.blogs.nytimes.com/2009/07/29/isnt-every-reporter-looking-for-another-job/?
Isn’t Every Reporter Looking for Another Job?

http://www.broadcastingcable.com/article/325988-Emmys_Cut_Awards_from_Telecast.php
Emmys Cut Awards from Telecast
Eight of the 28 honors to be prerecorded and “time-shifted”

http://adage.com/article?article_id=138202
Southern Comfort Pours Entire Media Budget Into Digital

http://www.adweek.com/aw/content_display/news/digital/e3i4e32728fe86b6c04460b5f15c953f21c
Web Video Taking Cable’s Place

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TIME Passages

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http://www.foliomag.com/2009/reed-business-information-magazines-back-block
Reed Business Information Magazines Back on the Block

http://www.beeguildnow.org/
Guild members OK company vacation proposal

http://www.newsnet5.com/news/20207978/detail.html
Sun Newspapers Cutting 11 Community Papers

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998827
‘Newsday’ Reports Q2 Loss of $2.6 Million

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003998806
Lee Enterprises Swings to Loss on Tumbling Revenue, Impairment Charge

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http://www.nwanews.com/adg/News/265523/
Publisher says newspapers must charge for online content

http://sethgodin.typepad.com/seths_blog/2009/07/death-spiral.html
Death spiral!

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http://www.forbes.com/2009/07/30/jim-hopkins-gannett-business-media-gannett.html
Gannett Blog: The Exit Interview

http://steveouting.com/2009/07/29/nyt-membership-ideas-i-hope-theres-more-than-this/
NYT membership ideas: I hope there’s more than this