Jennifer's Feed
Feb 21, 2014

Cable TV operator Charter to ‘wisely’ pursue deals

By Soham Chatterjee and Jennifer Saba

(Reuters) – Charter Communications Inc (CHTR.O: Quote, Profile, Research, Stock Buzz), whose bid to take over Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz) was thwarted earlier this month, plans to grow its subscriber base through more deals, its chief executive said on a call with analysts on Friday.

Charter CEO Tom Rutledge made few remarks about the company’s failed pursuit of Time Warner Cable after having mounted a proxy battle last week.

Feb 12, 2014

Thomson Reuters sees flat 2014 revenue; fourth-quarter results miss

NEW YORK (Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research)(TRI.TO: Quote, Profile, Research) forecast that revenue would be flat in 2014 and reported worse-than-expected fourth-quarter results, as financial customers in Europe and Asia cut back on spending and the legal business weakened in Latin America.

Shares of the global news and information company fell more than 5 percent to a four-month low on Wednesday afternoon, as Wall Street analysts said it would likely take another year for the business to turn around.

Feb 12, 2014

Thomson Reuters posts sharper-than-expected fall in profit

NEW YORK (Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research, Stock Buzz)(TRI.TO: Quote, Profile, Research, Stock Buzz) on Wednesday reported a steeper-than-expected drop in fourth-quarter earnings, hurt by cutbacks at financial institutions in Europe and in emerging markets, sending its shares down more than 5 percent.

Chief Executive Officer Jim Smith said headwinds at the end of last year were stronger than anticipated, and he saw financial markets remaining “challenged” for some time to come as the global banking system restructures.

Feb 7, 2014

Backlash hits AOL CEO after ‘distressed babies’ remark

NEW YORK/LOS ANGELES, Feb 7 (Reuters) – AOL Inc
Chief Executive Tim Armstrong tried to tamp down a backlash
after he blamed a pension cut on costs stemming from two
employees’ “distressed babies,” insisting that the Internet
provider was focused on families.

Armstrong’s comments on Thursday during a company town hall
meeting about why it was cutting 401(k) contributions caused a
fire storm on social media, overshadowing positive quarterly
results from AOL. It marked the second recent instance when a
gaffe by Armstrong left the CEO with some explaining to do.

Feb 7, 2014

Backlash hits AOL CEO who linked pension cuts to ‘distressed babies’

NEW YORK/LOS ANGELES, Feb 7 (Reuters) – AOL Inc
Chief Executive Tim Armstrong tried to tamp down a backlash
after he linked a cut to pension benefits with rising insurance
costs due to two employees’ “distressed babies,” insisting that
the Internet provider was focused on families.

Armstrong’s comments on Thursday during a company town hall
about why it was cutting 401(k) contributions caused a fire
storm on social media overshadowing positive quarterly results
from AOL and marked the second recent instance when a gaffe by
Armstrong left the CEO with some explaining to do.

Feb 6, 2014

News Corp grip on costs helps beat Street

By Jennifer Saba

(Reuters) – News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts.

Shares in News Corp rose 4 percent in after-hours trading after closing at $16.02 on Thursday.

Feb 6, 2014

NBC goes for gold in Sochi, aims for profitable Olympics

Feb 6 (Reuters) – When Olympic athletes line up to compete
this week in Sochi, NBC executives will be going for the gold in
another sport: turning a profit on the $775 million they paid
for TV rights – a prize that has been stubbornly elusive in
recent years.

Network executives insist profits are possible this time
after NBCUniversal, a unit of Comcast Corp, broke even
on its telecast of the 2010 Summer Olympics in London. The unit
lost $223 million at the last winter games, in Vancouver,
according to General Electric, which owned NBC at the
time.

Feb 6, 2014

AOL revenue beats estimates as ad sales jump

By Jennifer Saba and Sruthi Ramakrishnan

(Reuters) – AOL Inc on Thursday reported a better-than-expected 13 percent rise in quarterly revenue, helped by higher ad sales and cited its best growth in a decade.

AOL’s shares advanced 6 percent to $50.59 in morning trade after the results were released.

Feb 6, 2014

Digital ad trends improve at N.Y. Times; shares rise

By Jennifer Saba

(Reuters) – The New York Times Co reported better-than-expected quarterly revenue and profit on Thursday as advertising sales improved and more subscribed to its flagship newspaper.

Shares of the New York Times rose 5.3 percent to $14.58 in Thursday morning trade after results were released.

Feb 5, 2014

For Pandora, costs to get more listeners grow

By Jennifer Saba

(Reuters) – Pandora Media Inc reported higher revenue and profit for the quarter ending in December but said that costs to grow its audience is rising.

The online streaming music company said that earnings per share for this year is expected to be between 13 cents and 17 cents, below analysts expectations of 19 cents per share, according to Thomson Reuters I/B/E/S.