NBA Poised For Big Season With Eyes On Superteams Under Armour Has Slowest Sales Growth In Six Years Axe Bat Completes Corporate Realignment Knight Commission Chair Predicts Grim FBS Future World Series Tickets Still Setting Price Records Yankee Stadium Adding Social Gathering Areas Dolan, Manfred To Discuss Chief Wahoo Logo Cubs Poised For Marketing Opportunities MLB Postseason Viewership Down 8% NHL, Players Set Escrow Withholding Rate At 15%
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).