NEW YORK (Reuters) - Tribune Co, the U.S. newspaper publisher and broadcaster trying to pay off billions of dollars in debt, reported a loss from continuing operations and a 10 percent revenue drop on Monday as advertising sales fell.
Time Warner Cable Inc. (TWC) reported its fourth quarter earnings for fiscal 2013 (4QFY13) today just before markets opened. The company said net income grew 5.3% in 4QFY13 over the earlier-year quarter to $540 million, while revenues increased 2% to $5.58 billion, beating analyst expectations of $5.56 billion.
Earnings per share came to $1.83, a 9% rise from 4QFY12 and above expectations of $1.73 a share. The company announced a 15% increase in quarterly dividends, taking them to $0.75 per share.
(Reuters) - Rupert Murdoch tried to convince Wall Street on Tuesday that there is still money to be made in newspapers, reminding investors that he had defied skeptics over the past 60 years to build one of the world's biggest media empires.
NEW YORK (Reuters) - The New York Times Co reported a quarterly loss on Tuesday because of a 27 percent drop in advertising revenue and poor performance at The Boston Globe, which might close this year.