Warners river of woes continue as it reported its Q309 earnings this morning: its revenues were down 6 percent to $7.1 billion, while AOL (NYSE: TWX), slated to be split off by end of this year, saw its revenues drop by a big 23 percent compared to last year. Segment wise:Publishing unit, which includes Time Inc: revenues dropped 18% ($204 million) to $914 million, due to declines of 22 percent ($129 million) in ad revenues and 13 percent ($49 million) in subscription revenues. Also, in Q409 ....
PaidContent
