Daytona 500 Sells Out For Second Straight Year Heinz Field Hosts Stadium Series Game Drivers: Format Didn't Cause Wrecks In Xfinity Race Orlando City SC Draws 10,473 For Stadium Open House Swofford Hopeful Of ACC's Future In N.C. Sources: Warriors Contact Turner About Shaq Feud Could Ballmer Move Clippers To Inglewood? Cuban Calls Out Bleacher Report For Tweet Sources: Turner Gets UEFA Rights Foot Locker's Q4 Beats Expectations
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).