TBS To Film Series About Kenny Smith Dodgers Renew Rights With KLAC-AM Fox Unveils MLB Playoff On-Air Talent NHL Closes On $1.4B Credit Facility All-Female Sports Talk Show To Debut SI, Travel Channel Plan Swimsuit Series T'Wolves Line Up Midnight Event AEG Seeks Extension On L.A. Stadium Project FCC Ends Its Sports Blackout Rule Sources: Chivas USA Suspending Operations
SBD/November 8, 2012/FinancePrint All
Time Warner reported a Q3 net profit of $838M, compared with $822M "in the same period last year," according to Kristi Swartz of the ATLANTA JOURNAL-CONSTITUTION. The company "reported a 12 percent increase in operating income to $1.2 billion for its networks." Time Warner Chair & CEO Jeff Bewkes "attributed TBS and TNT’s success to a slate of original programming," as well as MLB. Bewkes said, "Baseball is a marquis property with a long history on TBS." When asked whether Turner would expand its sports programming deals to include other major franchises such as the NFL, Bewkes said, "Sports can be a very important part of the offering at Turner, we just need to have the right one. If an NFL package came up … just like the NCAA, we would consider something of that size if we were confident that we could monetize that. I’m just not clear what the choices are" (ATLANTA JOURNAL-CONSTITUTION, 11/8).