Time Warner News

Media giant Time Warner Inc. disclosed Wednesday that it's on track to spin off AOL as an independent entity, even as the Internet unit's finances continue to sour.

Fortune and Sports Illustrated will be the hardest hit magazines in the mass layoffs that just began at Time Inc.

Time Warner's AOL and Time Inc. divisions continue to eat into its bottom line, as the media conglomerate posted third-quarter net income of $661 million, or 55 cents a share, a 38 percent decline versus its year-ago profit of $1.07 billion, or 89 cents a share.

NEW YORK, BUSINESS WIRE -- AOL announced today it has completed its financial leadership team as it prepares to separate from Time Warner Inc.

When Martha Stewart went to prison a few years ago, one of the biggest questions was what would her absence mean to the media and retailing empire bearing her name.

TIME WARNER INC NEW filed Quarterly Report for the period ended 2009-09-30. Time Warner Inc.

After a months-long auction process that included some of the biggest names in cable programming, Scripps Networks Interactive has emerged as the winner for the Travel Channel, agreeing to pay about $1 billion for a 65% interest in the network.

In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York.

If something smells funny in Time Warner 's third-quarter report, it's the pungent odor of a rotting AOL.

News Corp reported a higher-than-expected quarterly profit as gains at its Fox cable network and film divisions, plus cost cuts, helped offset declines at its television stations and newspapers.

Last year's round of cuts at Time Inc. came with a major restructuring. The 2009 version is "more targeted" with most of the cuts now underway affecting the News group, Time Warner CEO Jeff Bewkes told analysts during the Q3 earnings call today that group includes Time , Sports Illustrated , Money and Fortune : "We're aiming to increase the ...

In this Nov. 7, 2007 file photo, people walk by the Time Warner building in New York.

Convenience store operator Susser Holdings Corp. /quotes/comstock/15*!suss /quotes/nls/suss said Wednesday that its third quarter net profit fell 5.2% to $6.5 million, or 38 cents a share, from $6.9 million, or 40 cents a share, a year earlier.

Last week I reported, based on AOL's spinoff SEC filing , that Time Warner may be retaining AOL India and AOL's venture investments .

Cable network TNT says it has rescued the shot-down NBC cop drama "Southland" and will bring it back in the new year.

Oil prices hovered near $77 a barrel Monday in Asia after a big fall the previous trading session as investors eyed upcoming figures on the U.S. economy and a volatile dollar.Benchmark crude for December delivery was down 11 cents to $76.89 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.The ...

Oct. 26, 2009, 1:54 PM 1,579 A bummer for Tim Armstrong: the private jets are staying with Time Warner.

People walk in front of the Time Warner Inc. headquarters building at Columbus Circle in New York October 13, 2005.

The blog Helpful Comments compiles a list of nauseating examples of comments posted in response to an AOL article about the attack.

A Time magazine naming President Barack Obama as Person of the Year sits at a news stand December 19, 2008 in New York City.