Rio Rating Lowest Since Sydney In '00 Several SI Employees Impacted By Time Layoffs MASN Lays Out Case To Keep Dispute From RSDC Canada Changes Rule For Super Bowl Ads ESPN Public Editor Examines Body Issue Social Studies: Tailgating Expert Daina Falk NFL Reportedly Nixes Tirico As "TNF" Option WEEI's John Dennis Steps Down Olympics Hurting "Hard Knocks" Numbers Media Notes
TBS REPORTS IMPROVED 4TH QUARTER EARNINGS
Published February 22, 1995
Turner Broadcasting reported sharply improved earnings for the 4th Quarter and profit from '94 overall. TBS reported a 160% jump in profits for the 4thQ. TBS Exec VP Terence McGuirk: "We're emerging into the sunlight after a couple of tough years. We're hitting on all cylinders. All of our core businesses are growing at double digits." The improvement partly reflects Turner's move into Hollywood with the acquisitions of New Line Cinema and Castle Rock Entertainment. Benefiting from live coverage of the O.J. Simpson trial, CNN also performed well. As for '95, TBS execs said they expect a "duller but more profitable year." CNN International is the only new channel Turner has planned (Charles Haddad, ATLANTA CONSTITUTION, 2/22).