Millions in advertising boost Time Warner
Big advertising revenues for Time Warner: The US media group's profit rose by 7 percent to 562 million dollars compared to the crisis-ridden same period last year.
Turnover increased by the same amount to 6.4 billion dollars. Group CEO Jeff Bewkes spoke of strong figures on Wednesday in New York, according to SDA. Turnover had grown faster than at any time in the last two years.
Among other things, the Group owns the Warner Brothers film studio and the TV news channel CNN. The company is also active in the magazine business with the Time publishing house and publishes Sports Illustrated and the gossip magazine People, among others. The Group has since divested its cable (Time Warner Cable) and Internet business (AOL).
Among other things, the Group owns the Warner Brothers film studio and the TV news channel CNN. The company is also active in the magazine business with the Time publishing house and publishes Sports Illustrated and the gossip magazine People, among others. The Group has since divested its cable (Time Warner Cable) and Internet business (AOL).
