(Bloomberg) — Time Warner Inc. kick analysts’ profit
estimates for a 24th true entertain as fees for a cable
channels and HBO helped equivalent revoke promotion sales.
Fourth-quarter practiced gain were 98 cents a share, the
New York-based association pronounced Wednesday in a statement. Earnings
would have been $1.14 a share incompatible restructuring costs and
programming charges during Turner. Analysts had likely 93 cents
on average, formed on estimates gathered by Bloomberg.
Time Warner foresee practiced distinction of $4.60 to $4.70 a
share this year, in line with analysts’ estimates for $4.67.
Chief Executive Officer Jeff Bewkes is perplexing to stimulate
growth, charity a new Web-only subscription to HBO this year
and creation a wire networks such as TNT, TBS and CNN available
to subscribers of Dish Network Corp.’s new online TV service.
He’s underneath vigour to keep a association expanding and a stock
price rising after rejecting a $75 billion buyout offer last
summer from Rupert Murdoch’s 21st Century Fox Inc.
Time Warner also has been slicing jobs to revoke costs,
boosting chartering fees and spending some-more on sports rights,
betting that will assistance keep viewers on networks including TNT,
which hosts National Basketball Association games.
Since holding over a tip pursuit in 2008, Bewkes has spun off
entire groups — Time Warner Cable Inc., AOL Inc. and most
recently a Time Inc. edition section in June.
To hit a contributor on this story:
Gerry Smith in New York at
To hit a editors obliged for this story:
Sarah Rabil at
Stephen West, Bruce Rule