NBC, ESPN, Fox Expected To Bid On EPL Mortensen Cancels Appearance On WEEI New TV Deal Boosts Cardinals Value Over $1.6B Manfred: Court Ruling Won't End MASN Case Bears Change Training Camp Media Policies Gold Cup Final Popular On Univision People & Personalities Audience Analysis MLB Cardinals, FS Midwest Reach New Deal Colorado AD Rick George Bullish On Pac-12 Net
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).