TWX

Time Warner Earnings: The Hangover

John Paczkowski in News on July 29, 2009 at 8:15 am PT

Time Warner’s second-quarter earnings beat analysts’ expectations. But that’s not saying much, really. Profits fell 34 percent to $519 million, or 43 cents a share, from $792 million, or 66 cents a share, a year earlier. Revenue was down nine percent to $6.8 billion.

No Worries, Sergey. We Can Make It Back in a Week on Mesothelioma Ads.

John Paczkowski in News on July 27, 2009 at 4:08 pm PT

When Google took a five percent stake in AOL for $1 billion in 2005, it valued the company at about $20 billion. Last year the search giant wrote down $726 million of that investment. And now, according to a regulatory filing, Google has gone and sold its share back to Time Warner for $283 million, about a quarter of what it originally paid for it.

Time Warner on AOL: We Ought to Have That Removed…

John Paczkowski in News on April 6, 2009 at 2:30 pm PT

Here’s further confirmation that Time Warner is looking to spin off AOL. In an SEC filing Monday, the company said it is seeking to amend debt agreements that restrict it from unloading the struggling business. Coming as it does after the hiring of Tim Armstrong, a former Google executive, as AOL CEO and chairman, the move would seem to suggest that Time Warner CEO Jeff Bewkes has given up on the idea of an AOL merger with Yahoo and is pushing ahead full-bore with a spinoff.