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7 billion, or $22 As of the end of 2003, AOL had 24 Excluding one-time items, adjusted earnings per share were 15 cents, even with the estimate of analysts surveyed by Thomson First Call All segments posted stronger results except AOL and Networks, which includes CNN, HBO and TNT Time Warner Returns to Quarterly Profit Jan 28, 11:19 AM EST Time Warner Inc 31 billion Operating earnings in the division swung back to a profit of $301 million compared with a loss of $33 "2004 is really about driving this company forward 9 billion loss in the same period a year ago because of write-downs at its AOL unit, the company reported Wednesday 4 percent, at $18 After receiving the $2 For the full year, net earnings were $2 14 billion a year ago due to the write-off I'm pleased to say that we're past that," Parsons told analysts on a conference call 24 billion 64 billion or 57 cents a share, compared with a loss of $98 6 billion in cash it expects to get from that deal, the company will reach its goal of reducing its overall debt to about $20 billion almost one year ahead of schedule Annual revenues rose 6 percent to $39 â€â€?â€â€?â€â€? On the Net: http://www AOL continued to lose subscribers in the quarter, but at a slower rate 04 per share , the former head of Seagram Co 9 billion from $10 AOL remained a weak spot, as revenues declined 7 percent in the quarter Time Warner excluded results from its music division, Warner Music Group, which it has agreed to sell to an investor group led by Edgar Bronfman Jr 2 million for the year The company's stock was off 64 cents, or 3 Adjusted operating earnings, which exclude one-time gains and losses as well as depreciation and amortization, rose 7 percent to $8 3 million subscribers in the United States, down 2 81 billion from $8 " Parsons has been working to slim the company down, reduce debt and regain the trust of Wall Street following the disastrous decline in its stock price after the merger with AOL, which was announced at the height of the Internet bubble in early 2000 timewarner , the world's largest media company, swung back to a profit in the fourth quarter of 2003 after reporting a $44 The year-ago loss was equivalent to $10 Excluding the effects of write-downs and other one-time gains and losses, the company's operating income edged lower to $2 25 billion a year earlier, led by gains in its movie unit and cable TV business 15 a share, in 2002, which also included large write-offs to reflect declines in value since the AOL-Time Warner merger CEO Dick Parsons said the company was pleased with the results, particularly achieving its debt-reduction goals ahead of time AOL is struggling to hold on to members who use dial-up services in the face of competition from low-priced highspeed Internet service providers com 39 billion from $2 57 billion from $37 8 billion at the end of 2002 Time Warner's debt stood at $25 Revenues rose 6 percent, more than some analysts had been expecting, to $10 43 billion in the same quarter a year ago magazine family, HBO, CNN and AOL, said it expects earnings in each of its segments to grow faster in 2004 than last year, except for New Line Cinema, which had a blockbuster year in 2003 with the latest "Lord of the Rings" movie "One year ago I said 2003 would be a reset year 17 in morning trading on the New York Stock Exchange The company, whose vast holdings include the Time Inc Time Warner earned $638 million, or 14 cents a share, in the three months ending in December Subscribers declined by a net 399,000, below the 688,000 it lost in the previous three-month period Louis hospital lasted 14 hours Actor Coby Bell ("Third Watch") is 28 In 2002, Aerosmith bassist Tom Hamilton's home on Cape Cod caught fire and was burned to the ground In 1991, Pearl Jam first started recording their debut album, "Ten Today in Entertainment History May 11, 8:23 AM EST On May 11, 1970, the three-record "Woodstock" soundtrack was released Actress Natasha Richardson is 40 Singer Eric Burdon (The Animals, War) is 62 In 1989, Roy Orbison was among five artists inducted into the Songwriters' Hall of Fame Eric Clapton presented the honor to Orbison's widow In 1996, a 17-year-old fan was crushed to death at a Smashing Pumpkins concert in Dublin Former MTV VJ Martha Quinn is 44 The previous fall he had collapsed on stage Actor Boyd Gaines is 50 Country singer Tim Raybon of the Raybon Brothers is 40 Also in 1992, a Hollywood salute to legends of soul music was held Actress Natasha Richardson is 40 Actor Jonathan Jackson ("Tuck Everlasting") is 21 Her surgery at a St Honorees included LaVern Baker, Bobby "Blue" Bland and the Temptations In 1990, singer Richie Valens was posthumously awarded a star on the Hollywood Walk of Fame In 1972, John Lennon said on "The Dick Cavett Show" that he thought he had been followed and his phone had been tapped in the previous few months In 1988, a 100th birthday celebration was held for songwriter Irving Berlin In 1979, Peaches and Herb received a platinum record for "Reunited Today's Birthdays: Comedian Mort Sahl is 76 Drummer Mark Herndon of Alabama is 48 No one was hurt It went gold within two weeks Berlin died in 1989 " In 1981, musician Bob Marley died in a Miami hospital of a brain tumor at the age of 36 " In 1992, country singer Tammy Wynette underwent an intestinal bypass to treat a chronic abdominal ailment Performers at the Carnegie Hall event in New York included Ray Charles and Frank Sinatra |
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