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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: quasi-geezer who wrote (40826)	10/17/2001 2:11:44 PM
From: ALTERN8	Read Replies (1) \| Respond to of 41369

Wednesday October 17, 2:00 pm Eastern Time AOL Time Warner results by unit NEW YORK, Oct 17 (Reuters) - AOL Time Warner Inc.(NYSE:AOL - news), whose holdings range from Time magazine, CNN and America Online to Warner Brothers films and Warner Music group, reported a wider net loss on Wednesday, but higher cash earnings. ADVERTISEMENT Following is a breakdown of each of the media titan's units: * The America Online Internet services unit saw its earnings before interest, taxes, depreciation and amortization (EBITDA) increase 22 percent to $742 million, on a 13 percent increase in revenues to $2.2 billion. The service added 1.3 million new members in the quarter for a total of 31.3 million. Advertising and commerce revenues rose 5 percent to $624 million. * Its filmed entertainment unit, which includes Warner Brothers studios and New Line Cinema, saw its EBITDA rise 43 percent to $307 million on a 5 percent increase in revenues to $2.11 billion, helped by films like Rush Hour 2 and Cats & Dogs. * Cable operator Time Warner Cable's EBITDA jumped 11 percent to $791 million on a 17 percent increase in revenues to $1.77 billion. Basic cable subscribers were flat from last year, totaling 12.6 million. Digital cable subscribers rose 14 percent to 2.9 million from the second quarter. High-speed Internet subscribers totaled 1.7 million, up 18 percent from the second quarter. * The networks unit, which includes CNN, HBO, the WB network and the Turner cable channels, reported a 29 percent rise in EBITDA to $450 million, with a 4 percent jump in revenues to $1.66 billion. * Time Inc., which includes Time, Sports Illustrated and People, saw its EBITDA rise 41 percent to $196 million on a 4 percent increase in revenues to $1.12 billion, with subscription revenues and cost cutting offsetting a 1 percent decline in ad and commerce revenue. * The Warner Music Group's EBITDA fell 21 percent to $87 million on a 1 percent drop in revenues to $939 million. It cited increased marketing expenses and an increase in bad debt provisions.