Time Warner slashes its profits forecast

January 7, 2009

The gloom surrounding the media sector deepened further when Time Warner slashed its forecasts for 2008 profits and took a bn writedown on the value of its empire of old media properties, such as Time Inc magazines, and new media brands, including AOL

From: http://www.ft.com/rss/companies/media
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Posted by chrispearson | Filed Under Fivve blog