TBS REPORTS IMPROVED 4TH QUARTER EARNINGS
Turner Broadcasting reported sharply improved earnings for
the 4th Quarter and profit from '94 overall. TBS reported a 160%
jump in profits for the 4thQ. TBS Exec VP Terence McGuirk:
"We're emerging into the sunlight after a couple of tough years.
We're hitting on all cylinders. All of our core businesses are
growing at double digits." The improvement partly reflects
Turner's move into Hollywood with the acquisitions of New Line
Cinema and Castle Rock Entertainment. Benefiting from live
coverage of the O.J. Simpson trial, CNN also performed well. As
for '95, TBS execs said they expect a "duller but more profitable
year." CNN International is the only new channel Turner has
planned (Charles Haddad, ATLANTA CONSTITUTION, 2/22).