[BusinessTeam] AOL TW Charges Ahead

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Message-ID: <6B75EF096AE0BE428B8CEDEA89C5F6327823B3@exchange01.lab49.com> · Thu Apr 19 14:23:32 2001 UTC

AOL TIME WARNER CHARGES AHEAD 
Wall Street was expecting it, but it's good news nonetheless: AOL Time 
Warner announced yesterday it met its first-quarter earnings goal, and 
considering the current slash-and-burn environment for media companies,
it's 
no small feat. AOL TW's revenue rose nine percent in the first quarter, to

$9.1 billion from $8.3 billion. Magazine, online and cable subscription 
revenue grew nine percent to $3.86 billion, falling short of AOL TW's
hopes 
for 10 to 12 percent growth. But Wall Street is still happy with the 
results: "This sets the tone for a big year for the company," Jefferies &
Co 
analyst Frederick Moran told the Wall Street Journal 
<http://interactive.wsj.com/articles/SB987593758401864384.htm>
(subscription 
required). "It shows their resilience in the face of a difficult
advertising 
market." The New York Times 
<http://www.nytimes.com/2001/04/19/technology/19AOL.html?searchpv=nytToday
> 
also covers AOL TW's earnings. 

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