What financial reports reveal about TV networks

Associated Press Modified: November 15, 2012 at 10:15 am •  Published: November 15, 2012
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— Nov. 7: Time Warner Inc. says its television networks such as HBO and TBS saw a 7 percent growth in the fees paid by cable and satellite distributors to carry the channels. Advertising revenue fell 1 percent at the networks, partly because of the timing of certain sports events on its channels.

— Broadcaster CBS Corp. says its third-quarter earnings rose 16 percent from a year ago as revenue inched higher, mostly helped by higher fees from TV distributors.

— Nov. 8: The Walt Disney Co. says revenue at its pay TV and broadcast networks grew a modest 2 percent. Smaller audiences and lower ad revenue at ABC slowed the company's momentum. At the same time, ESPN gained more in fees from distributors but saw flat ad revenue as viewers and advertisers turned their attention toward the Olympics on NBC.

Disney says losses grew at Hulu, the online video service it owns jointly with News Corp. and Comcast Corp., due to higher programming and marketing costs.

AMC Networks Inc. says net income fell 8 percent, hurt by a fee dispute with Dish Network LLC, while its revenue rose 17 percent. But its earnings and revenue were each significantly better than analysts expected

— Thursday: Viacom Inc. says increases in fees from cable and satellite companies to carry its channels were countered by declines in advertising revenue. Viacom has been struggling with audience weakness at its major TV networks, though the company says its networks are showing signs of stabilizing or improving.



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