Time Warner builds Internet superstore
Article Abstract:
Time Warner Inc. is planning to begin selling a wide range of products on the Internet. The move is a major change from the company's past attempts at raising revenues from Internet advertising. Time Warner is planning to sell such items as CDs, videos, and books on the Internet. The service is scheduled to begin operating sometime in 1999. Time Warner will initially sell its own products on the service. It will then later sell the products of its rivals.
Comment:
Time Warner Inc. planning to begin selling a wide range of products on the Internet
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Time Warner reports 58% decline in earnings
Article Abstract:
Time Warner has just had its first full year of profit since Time Inc. and Warner Communications merged in 1990. Its magazine revenue increased 18% in the fourth quarter due in part to increased advertising on the pages of "In Style," "People" and "Fortune." The music group's revenue was also up, 34% over the fourth quarter of last year. Film and TV cash flow was up 20%.
Comment:
Company had first profitable year in spite of Q4 earnings drop
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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