News Broadcasting
Time Warner’s net profit down 8 %
MUMBAI: For the third quarter ended 30 September, the media and entertainment conglomerate Time Warner recorded a net income of $499 million. The result showed an 8 per cent dip in profits.
The revenues for the quarter was $9.97 billion, up from $9.5 billion one year earlier. The company has established a $ 500 million reserve related to ongoing accounting investigation at AOL.
The investigation by Securities and Exchange Commission and the Justice Department are on various accounting issues at American Online and related to its interest in AOL Europe before January 2002, when the company acquired Bertelsmann’s 80 per cent stake in the venture, as stated in media reports.
Following an internal review of the accounting matters related to AOL Europe, the company has decided to restate its financial results for 2000 and 2001. According to media reports, this could deepen 2001 net losses by $ 855 million and 2000 net losses by $308 million.
At AOL, revenues were up 1 per cent to $2.1 billion, while operating income climbed 74 per cent to $ 261 million. As of 20 September, AOL had 22.7 million domestic subscribers, a decline of 2 million from last year. Cable revenues rose 10 per cent to $2.1 billion with subscription revenues up 10 per cent and ad revenues up 11 per cent. Average monthly revenue per basic cable subscriber was also up, by 10 per cent to $76. Operating income increased by 11 percent to $438 million. Time Warner Cable ended the quarter with 10.9 million basic video cable subscribers, a 4.7 million digital video subscribers,informs the media reports.
The film and entertainment segment which constitutes Warner Brothers and New Line posted revenue increase of per cent to $ 2.5 billion and 4 per cent decrease in operating income to $ 12 million.
The gains made in the international theatrical revenues of Harry Potter and The Prisoner of Azkaban and Troy were offset by a decline in worldwide theatrical home video and television licensing revenues.
The company attributed that the decline on account of a difficult comparison to the prior year, which included the release of the home video The Lord Of The Rings: The Two Towers.
The cable and broadcast networks delivered 8 per cent revenue growth to $2.2 billion, with subscription, advertising and content revenues all recording increases. The operating income was up 13 per cent to $574 million, according to the media reports.
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
