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Article: Time Warner Inc. Updates 2009 Full-Year Business Outlook and Provides 2009 Full-Year Business Outlook for its Content Group.
- Article from:
- Business Wire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Time Warner Inc. (NYSE:TWX) today updated its 2009 full-year business outlook. The Company expects its 2009 full-year Adjusted Diluted Income per Common Share from Continuing Operations ("Adjusted EPS") to be at least $2.05, compared to Adjusted EPS of $1.98 in 2008.(1) This outlook now includes up to $100 million in restructuring charges at Time Warner's Publishing segment that the Company anticipates incurring in the fourth quarter of 2009.
In anticipation of the Company's separation of AOL, which is expected to be completed in December 2009, Time Warner is also providing a full-year outlook for its Content Group (which consists of the Networks, ...