Root Sports Southwest Hires Peart RGV Vipers Break Ground On Arena NBA Schedules Noches Ene Be A Games Asics America Tops $1B In Annual Sales Judge Clears Way For Peterson Reinstatement Hawaii Athletics Gets $1.2M Gift PGA To Open Area At MSP Airport A's Lew Wolff Stresses Parking Cubs' Ownership Sales Support Wrigley Renovations Mike Sundet Leaving A-B For Momentum
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).