News Broadcasting
Time Warner revenue increases by six per cent
MUMBAI: Media conglomerate Time Warner has announced that revenues increased for 2003 increased by six per cent over 2002 to $39.6 billion. This reflected increases at all segments except America Online.
Operating Income at AOL before depreciation and amortisation improved to $8.5 billion from a loss of $35.8 billion in the prior year. The fourth-quarter net profit of Time Warner was $638 million. A year earlier it lost $44.91 billion when it recorded a huge writedown of its America Online unit. Time Warner’s Chairman and CEO Dick Parsons was quoted in a company release saying, “Our fourth quarter results were in line with our expectations, and we achieved all of our full-year financial objectives. We generated industry-leading levels of Free Cash Flow, demonstrating the health and vitality of our businesses.
“We also sharpened our focus on how we allocate capital across the company. In keeping with our strategy of deploying capital to only high-growth, high-return investments, we decided to sell our music business at an attractive price. We used the proceeds from all of our asset sales and our free cash flow to dramatically strengthen our balance sheet.
Once our sale of the Warner Music Group closes, we will have completed our net debt reduction programme essentially a year ahead of schedule. Our company exited 2003 substantially stronger than when the year began, and we enter 2004 with a real sense of enthusiasm. Our businesses are well positioned to extend their competitive leadership this year.”
As far as the cable business was concerned Time Warner’s basic cable subscribers increased at an annual rate of 0.1 per cent. Time Warner Cable added 602,000 net digital video subscribers during 2003. For the full year revenue from the television networks went up by 10 per cent. For the fourth quarter revenues from movies went up by 17 per cent.
For the full year, operating Income increased 22 per cent. This revenue growth was driven by the continued worldwide growth in DVD revenues, increases in television licensing revenues and worldwide theatrical success, led by Warner Bros. Pictures’ The Matrix Reloaded and The Matrix Revolutions as well as New Line Cinema’s The Lord of the Rings: The Return of the King.
News Broadcasting
Business Today MindRush returns to Mumbai, spotlight on India’s edge in a fractured world
Policymakers and corporate heavyweights gather to map supply chains, energy security and markets
MUMBAI: As fault lines widen across global trade and geopolitics, Business Today is doubling down on India’s moment. The 14th edition of Business Today MindRush & Best CEOs Awards lands in Mumbai on March 28, pitching India’s strategic edge at the centre of a fragmenting world.
The day-long summit, presented by PwC, will bring together a tight mix of policymakers, industry leaders and market voices to decode shifting supply chains, maritime strategy, defence priorities, energy security and capital markets—sectors now deeply entangled with geopolitics.
M Nagaraju, secretary, department of financial services, ministry of finance, will headline the event, setting the tone for discussions that aim to track how India is repositioning itself amid disrupted trade routes and volatile energy dynamics.
The speaker slate reads like a cross-section of India Inc’s command centre. Krishna Swaminathan will zero in on sea lanes and supply chains, while Prashant Ruia is set to push the case for self-reliance in oil and gas. Ashish Chauhan will weigh in on capital markets at a pivotal juncture, as a panel featuring Vibha Padalkar, Sanjiv Mehta, Amish Mehta and Sanjeev Krishan debates navigating economic uncertainty.
Leadership under pressure will be another running theme. Madhavkrishna Singhania, Sharvil Patel, Karan Bhagat and Anurag Choudhary will unpack how businesses are steering through disruption. Arun Alagappan will turn the spotlight on fertilisers, Arundhati Bhattacharya will reflect on leadership transitions, while Anish Shah and S Vellayan will outline blueprints for building future-ready conglomerates.
The event will close with Aroon Purie setting the broader editorial lens, before the Best CEOs Awards recognise standout corporate leadership across sectors.
At a time when the global order looks increasingly splintered, MindRush 2026 is positioning itself as more than a conference—it is a signal that India intends not just to navigate the churn, but to shape it.
