Knight Officially Retires As Nike Board Chair NFL Cardinals' Amazon Series Debuts DeWalt Extends Sponsorship With Matt Kenseth Fox Sports' Sprint Cup Viewership Down 6% SBJ In-Depth: The Education Issue Tennis Could Be Blueprint For Olympic Golf NBA Names Spruell President Of League Operations Finishing Touches Being Put On Fort Bragg Field Source: Disney Buying 33% BAM Tech Stake Perrin Weighing Ticket Options
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).