Time Warner’s Q4 2007 Earnings Disappoint; Company Assures Investors of Improvements

(NewsVisual, powered by IntellectSpace) -- In giving more bad news to Wall Street, Time Warner Inc (NYSE: TWX) announced on Wednesday morning that fourth-quarter 2007 income declined from that of the same period last year, with diluted income per common share going from $0.43 in Q4 2006 to $0.28 in Q4 2007.

Likewise, although the company’s 2007 revenues rose 6 percent over 2006 to $45.6 billion, its full-year diluted income per common share fell from $1.20 in 2006 to $1.08 in 2007, the company reported in a statement.

The company sought to assure investors that it was implementing a deliberate set of measures to improve its future performance:

“We’ve identified key initiatives that will enable us to deliver strong business results long into the future while increasing our return to our shareholders,” said CEO/President Jeff Bewkes in the statement.

He added the following specifics:

“We’ll intensify our creative and entrepreneurial focus to move our businesses ahead more quickly.  We’ll aggressively control costs to help fund our investments in future growth.  We’ll make sure that Time Warner has the right businesses in the right structures. And we’ll actively manage our balance sheet to deploy capital to the best advantage of our shareholders.”

The company has also announced that it has repurchased approximately 154 million shares of common stock for approximately $2.8 billion.

The markets appeared to be reassured by the company’s statement, sending its share price up from the previous close of $15.40 to $15.97 in late morning trading (10:55am ET).

NewsVisual created an IntellectSpace Knowledge Map of the Time Warner’s Board of Directors in order to determine whether they are likely to be able to offer its Management Team sagacious business advice.

The Knowledge Map shows the managers can draw from the experience of the company’s Board of Directors.

Most notable among them is Director Stephen F  Bollenbach, who retired in October 2007 as the CEO/Chairman of the Hilton Hotels Corp.  Bollenbach also has past service on the boards of Disney Co, American West Airlines Inc, and Kmart Corp; and he currently serves on the board of Harrah’s Entertainment Inc.

In addition, it’s also noteworthy that Chairman Richard D Parsons also serves as a Director for Citigroup and Estee Lauder.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=211e6384-9ae1-42bd-b3b1-167d916d4bda