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But he also called the improved results "only a stepping stone" on the way to building long-term value The company provided no update on the status of those investigations â€â€?â€â€?â€â€? On the Net: http://www Revenues rose 9 percent to $10 and New Line studios had a combined 20 percent share of the U com , the world's largest media company, reported Wednesday that its first-quarter profits more than doubled from the same period a year ago, thanks to a gain from the sale of its music division and stronger results in its film and television divisions The organization is clearly much stronger today than it was a year ago However, AOL is still trying to stem losses of dial-up Internet users and fashion services to attract high-speed Internet users, many of whom are dropping AOL for high-speed Internet service providers such as cable modems and DSL The company has since stripped 'AOL' from its name, removed AOL executives from top management positions and downgraded the Internet business to an operating unit from an equal management partner in the company "Simply put, we had a great quarter, and we couldn't be more pleased," chief executive Dick Parsons told investors on a conference call Time Warner also reported improved results and a slowdown in subscriber defections at its America Online division, which is in the midst of a turnaround effort Don Logan, the head of Time Warner's subscription-based businesses including cable TV, magazines and AOL, voiced optimism about the improvement in AOL's results but acknowledged that "we still have a lot of hard work ahead of us 6 billion 1 billion from $9 " The company's Hollywood studios posted a 25 percent increase in revenues, led by higher licensing fees from television syndication including "Seinfeld AOL also reported that it lost a total of 361,000 paying subscribers in the quarter, well below the 830,000 paying subscribers it lost in the fourth quarter of last year The results were announced after the end of regular trading on the New York Stock Exchange, where Time Warner's shares closed down 31 cents at $16 20 billion in the same quarter a year ago, but operating income rose 21 percent on lower costs and better results from its European operation The company said the Securities and Exchange Commission as well as the Justice Department were continuing to investigate the company's accounting, primarily AOL's reporting of advertising revenues and subscriber counts 8 billion, down from $22 19 billion from $2 Time Warner's television networks unit posted a 5 percent rise in revenues, as subscription revenues rose 10 percent due to higher subscription rates at HBO and other networks 24 billion a year ago S Excluding the effects of an accounting charge and discontinued operations, the earnings were equivalent to 15 cents per share, well ahead of the 9 cents per share that analysts surveyed by Thomson First Call had been expecting For the period ending March 31, the company posted net earnings of $961 million, or 20 cents per share, well ahead of the year-ago figures of $396 million, or 9 cents per share Parsons has been shedding assets, paring down debt and focusing on the company's core businesses in a long-term effort to regain investors' trust following the debacle of Time Warner's 2001 merger with AOL The most recent period's results include $215 million in income from discontinued businesses, mainly tax benefits related to the sale of its music business, Warner Music Group, last month for $2 7 billion at the end of 2003 â€â€? meaning the company met its debt reduction targets a year ahead of schedule Time Warner also reported that it had cut its net debt to $18 box office in the first quarter, and New Line's third installment in the "Lord of the Rings" trilogy became only the second movie ever to break the $1 billion mark at the box office In the comparable period a year ago, the company earned 10 cents per share In after-hours trading, the shares jumped 75 cents Time Warner Doubles Profits in 1Q Apr 28, 5:37 PM EST Time Warner Inc 51 AOL's revenues edged slightly lower to $2 timewarner " The company's Warner Bros "What would be wrong is if I said it was my idea Scliar said he was hurt not only by Martel's comments about his work, but because he felt Brazilian culture was being slighted Writer Under Fire for Book Idea Nov 7, 1:18 AM EST BERLIN (AP) â€â€? Yann Martel, a Canadian writer riding his first big success, freely credits another author with the idea behind his Booker Prize-winning novel â€â€? the tale of a shipwrecked boy trapped in a boat with a wild feline But the New York Times reported Wednesday that its book review never wrote about Scliar's book, and it quoted Updike as saying he never reviewed it "I've received dozens of e-mails from people offering their solidarity, people whose Brazilian pride was offended," he said Martel also said he's willing to explicitly credit Scliar in a Brazilian edition of "Life of Pi," for which he is seeking a publisher "I don't know Scliar as a writer or as a person, so I have no reason to offend him," he said Yet the 39-year-old Martel has found himself entangled in controversy over the inspiration he drew from a novella published some two decades ago by one of Brazil's most respected authors, Moacyr Scliar Scliar's book "Max and the Cats," which Martel says he read about in a review years before starting his book but never read himself, tells of a Jewish teen-age boy who survives a shipwreck but has to share his lifeboat with a jaguar But it's unfortunate that now, when Brazilian literature is being abundantly mentioned abroad, it's because of this bizarre incident " â€â€?â€â€?â€â€? Associated Press writer Peter Muello in Rio de Janeiro contributed to this report " In the essay, Martel also says he recalls reading the review in the New York Times Book Review and that it was by American writer John Updike A comment by Martel that the Canadian says was misconstrued by some Brazilian media as a slight against Scliar hasn't helped "I don't feel I've done something dishonest " The Canadian, the much-traveled son of diplomat parents, pointed to an age-old tradition of writers who draw inspiration from works of others â€â€? though he acknowledged it's trickier when the other one is still alive Martel makes a nod to Scliar's influence at the start of his book, saying the Brazilian gave it "the spark of life Martel last month won the $78,000 Booker Prize, Britain's most prestigious book award, for "Life of Pi," the story of an Indian teen-ager who ends up in a lifeboat with a Bengal tiger after the ship taking him to Canada sinks "I am not litigious, but I'm not the only owner of the book I consider Brazilian literature to be of the first magnitude, and I would like our culture to be judged on its own merits " Confusion has arisen about some strands of the story behind Martel's book Martel said he reads so many book reviews that he must have mixed something up "I saw a premise that I liked and I told my own story with it," Martel told The Associated Press on Wednesday in Berlin, where he is teaching a five-month university course on animals in literature My publishers are consulting their lawyers and examining legal options," Scliar told AP by telephone Wednesday from his home in Porto Alegre, Brazil Now, he said he has written to Scliar's publisher, Companhia das Letras, saying he has not meant to belittle the Brazilian author "I don't think it's precisely a lack of respect He said he did not contact Scliar before starting "Life of Pi" four years ago " Scliar disagrees, saying he considers his idea "intellectual property" and that his publishers are weighing legal action " On Wednesday, Martel insisted no slight was intended and that his comment was misrepresented by Brazilian media In an essay published on the Web site of the bookstore Powell's City of Books, Martel recalls once reading a lukewarm review of "Max and the Cats" and, based on the review, being dismayed by the possibility that "a brilliant premise" might have been "ruined by a lesser writer "Is an idea copyrightable? That's certainly not my feeling," Martel said "But I am not going to make this a crusade " Scliar's book was published in Portuguese in Brazil in 1981 and an English translation was published in 1990 While Martel says his book is about "religion, faith and imagination," Scliar's is considered a metaphor for Nazism and Brazil's 1964-85 military dictatorship "I think once he reads the story, he'll say it's a very different kettle of fish |
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