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, the world's largest media company, jumped to $1 Just last week, the company said it was selling its DVD and CD manufacturing business for $1 The book group, which is no longer on the auction block, took a write-down of $99 million, while the Atlanta Thrashers hockey team and the Atlanta Hawks basketball team took a combined write-down of $178 million 12 a share, in the same period a year ago, when the company took a $54 billion accounting charge to reflect the declining value of its assets 06 billion thanks to several one-time gains, including the sale of the company's stake in Comedy Central and a settlement with Microsoft Corp 2 billion at the end of the quarter, compared with $26 05 billion The company said the SEC has determined that its accounting of two transactions between AOL and Bertelsmann was not correct, though the company says it stands by its accounting of those deals Income without the one-time effects was 12 cents per share, the company said, ahead of the 10 cents per share that analysts polled by Thomson First Call had been expecting 29 billion from $1 Analysts have praised those efforts as well as Parson's drive to restore stability and credibility to the company following a period of severe tumult in the wake of the merger between AOL and Time Warner Without depreciation and amortization, operating income rose 6 percent 61 billion On a per-share basis, earnings rose to 23 cents from 9 cents The company said the Securities and Exchange Commission was still investigating several transactions the company made, mainly at its AOL unit AOL Earns $1 Billion in Second Quarter Jul 23, 9:08 AM EST Second-quarter profit at AOL Time Warner Inc 82 billion from $10 , HBO and Time Inc For the first six months of the year, AOL Time Warner earned $1 The results included several one-time factors in the second quarter, including an investment gain of $542 million, which was mainly attributable to the company's sale of its stake in the Comedy Central cable channel to Viacom Inc 85 billion, or $12 Before the effects of those gains and other one-time factors, operating income fell 15 percent to $1 Six-month revenues rose 6 percent to $20 " He said the company would continue to focus on reducing its debt, which stood at $24 52 billion, due partly to higher levels of amortization and depreciation 82 billion compared with $19 2 billion 46 billion, or 32 cents a share, compared with a net loss of $53 The company also took two write-downs during the second quarter to reduce the value of its winter sports teams and its book division, both of which were put up for sale magazines, earned $396 million in the April-June period a year ago AOL Time Warner has been shedding assets to reduce its debt and simplify its corporate structure 3 billion as of March 31 , the company reported Wednesday They also included a gain of $760 million related to a settlement of AOL's claim that Microsoft used strong-arm tactics to make its Internet Explorer the dominant Web browser over AOL's Netscape The company, whose vast holdings include CNN, Warner Bros The SEC has not yet taken any action on the matter Revenues rose 6 percent to $10 Chief executive Richard Parsons said the company's "solid" results in the second quarter and first half of the year "give us confidence that we can deliver on all of our 2003 financial objectives They pick up after themselves, and that's helped keep complaints to a minimum â€â€? only two so far hollywoodfore ver His first charge in Hollywood, however, was revitalizing the cemeteryâ€â€? repaving roads, replacing broken stained glass inside mausoleums and righting monuments "To me it's dependent on the community around you and who is buried there and his father, who helped co-found United Artists â€â€?â€â€?â€â€? On the web: www They don't actually sit on graves, though a few family mausoleums ring the perimeter of the lawn where movies are shown, including those of actor Douglas Fairbanks Jr A Then he was approached by John Wyatt, the founder of Cinespia, a Los Angeles film society dedicated to screening and preserving classic films Cassity said the partnership felt right: historic movies in a historic setting Cemetery Showing Movies at Mausoleum Aug 20, 2:11 PM EST Amid the mausoleums and headstones at Hollywood Forever Cemetery about 1,700 living guests have unfurled picnic blankets and set up beach chairs, erected makeshift coffee tables with flowers and candles, and unpacked dinners of sushi, fried chicken or pasta salad He operates seven cemeteries in California, Illinois and Missouri Wyatt, who chooses the films, says he likes bringing his favorite films to a wider audience, and Cassity attributes part of the series' success to a growing interest in death, pointing to the popularity of the TV show "Six Feet Under" and a recent reality series about a family-run mortuary "It's the ultimate L Since then, Cinespia has made the 620-acre park its movie theater on summer weekends, and next year's season is already being planned L "After two minutes you forget it's a cemetery," he said And he believes he's the only person in the country to combine classic movies and mausoleums Is it memorializing them in some way? Showing movies in a cemetery where there weren't film stars â€â€? it wouldn't make sense Visitors do keep some distance during the evening events experience," film fan Mark Koberg said between mouthfuls of smoked turkey and arugula sandwiches, washed down with wine com/ www cinespia The society was growing too large to go to screenings as a group and was looking for a new home, one with history, Wyatt said Sheila Boyd and Hopper Stone went to one recent screening on a date Growing mainly via e-mail and word of mouth, the event (billed as an evening "below and above the stars") has been surprisingly successful, and even as it has grown it has retained a small-group feel â€â€? visitors making friends and sharing food with their neighbors org/ Later, the night's film will start, projected on a mausoleum wall Though at least a hundred Hollywood icons are laid to rest there â€â€? including actor Rudolph Valentino, "Ten Commandments" producer Cecil B He also began showing movies But, the time and the location didn't bother Russell Rabichev, who watched a movie one recent weekend Some guests acknowledged being a little "creeped out" by the cemetery Visitors say they come for various reasons They're here for cinema cemetery-style, an experience shared with the graveyard's 88,000 long-term residents DeMille and Bugs Bunny voice Mel Blanc â€â€? the cemetery's own fame had faded Six years ago the cemetery, which adjoins Paramount Studios' backlot, wouldn't have been as inviting Carmonique and Vincent Harris came after being told the experience was romantic Then in 1998, Tyler Cassity, a cemetery entrepreneur, bought the century-old graveyard for $375,000 " Cassity began by showing a Valentino film on the anniversary of the romantic hero's death, when 200 to 300 fans would come by to pay their respects The crowd of mostly 20- and 30-somethings, some in the movie and public relations industry themselves, seem to recognize they're in a special place "It makes sense when your neighbor is Paramount Studios," Cassity said Tiffany Borders arrived with a group of friends Its previous owners had run it into bankruptcy, and a 1994 earthquake left tombstones tilted and cracked, while El Nino rains flooded its lake A |
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