Here is a little info of interests to some out there. If this has been posted previously, please let me know.
Time Warner Q1 profit up 59% on Cable TV unit
Time Warner's profit for the first quarter of 2006 rose 59 percent to $1.46 billion and revenue rose 1 percent to $10.5 billion over last year on the strength of its cable unit. Time Warner Cable outweighed declines at its online and publishing units by recording a 25 percent jump in first-quarter operating profit to $501 million over the same period last year. Revenue rose 15 percent to $2.6 billion. Digital Phone reported revenue growth of $108 million.
Operating earnings at AOL, the company's online business, declined 14% to $269 million as it continued to lose dial-up subscribers. Digital Phone subscribers, however, grew by 270,000 in the quarter for a total of 1.4 million. The company claims this to be the largest quarterly gain ever, representing 8% of service-ready homes passed.
To learn more about Time Warner Cable's quarterly results:
- go to the company's press release (pdf)
- see Time Warner's webcast and presentation
- read this article from The Wall Street Journal (sub. req.)
Time Warner Q1 profit up 59% on Cable TV unit
Member #: 38055
Registered: 5/12/2005
Posted:
875
Name:
Small Business Owner
Company:
Premium Installs LLC
Occupation:
Satellite, Home Theatre, Telephony, Security, etc.
Location:
Sheffield, Al
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