Time Warner Cable Inc
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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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April 25- Time Warner Cable Inc, the second-largest U.S. cable provider, will no longer push "triple play" packages of Internet, video and voice on its customers, a departure from the long-held industry practice of bundling the services together.
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Stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. **IMPERIAL OIL LTD, $39.36, up 0.6 pct.
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ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices. **COLGATE-PALMOLIVE CO, Wednesday close $117.90. Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge.
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Stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. **IMPERIAL OIL LTD, $39.36, up 0.6 pct.
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Stocks were poised for a higher open on Thursday, as investors dealt with a raft of earnings, including those of 3 M Co and ExxonMobil, with added support from a drop in initial jobless claims. **EXXON MOBIL CORP, Wednesday close $89.43. ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices.
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April 25- Time Warner Cable Inc:. *CFO says company sees full-year 2013 revenue growth in the 4 percent to 5. *CFO says company sees free cash flow to be around $2.3 billion in 2013.
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ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices. **COLGATE-PALMOLIVE CO, Wednesday close $117.90. Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge.
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NEW YORK, April 25- Time Warner Cable Inc:.
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**COLGATE-PALMOLIVE CO, Wednesday close $117.90. Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge. Net income rose to $550 million, or 46 cents per share, in the first quarter from $412 million, or 35 cents per share, a year earlier.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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Markets are forcing change for cable operators, which may cause the unraveling of cable channel bundling, media titan John Malone told CNBC.
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SAN FRANCISCO/ NEW YORK, April 9- Google Inc said on Tuesday it plans to bring its ultra high-speed Internet and television service to Austin, Texas, next year, prompting AT&T Inc to reveal its own plans to follow suit- if it gets the same terms from local authorities.
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SAN FRANCISCO, April 9- Google Inc is bringing its high-speed Internet and television service to Austin, Texas, the first move to expand the Google Fiber service beyond its initial location in Kansas City introduced last year. Google plans to begin connecting homes in Austin by the middle of 2014, the company said in a post on its official blog on Tuesday.
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News Corp. has gained 35 percent since announcement to separate its publication and TV businesses, earnings are estimated to rise 19 percent this year, TheStreet.com reports.
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Cablevision Systems is claiming that Viacom sought to extract a nearly $1 billion penalty if it refused to pay for low-rated channels it did not want in order to access more popular channels.
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NEW YORK, March 7- Cablevision Systems Corp is claiming that Viacom Inc sought to extract a nearly $1 billion penalty if it refused to pay for low-rated channels it did not want in order to access more popular channels such as Comedy Central, MTV and Nickelodeon.
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Time Warner's decision to spin off Time Inc. will allow the media conglomerate to focus entirely on its cable television and film businesses. The New York Times reports.
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CNBC's Julia Boorstin reports the media giant will spin off Time Inc. as an independent, publicly traded company later this year.
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Time Warner says its board has approved a tax-free spin off of Time Inc., reports CNBC's Mary Thompson.
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Traditional media stocks have been on quite a run into the Dow Jones' rise towards hitting the 14,198 intraday peak, with the five biggest media giants hitting new highs. Here's what has been driving the media industry's gains.