Time Warner Inc., owner of cable networks TNT and HBO, posted first-quarter sales that missed estimates as advertising dropped in part because of a later schedule for college basketball’s biggest event.
Entertainment companies are proving a safer bet than Liberty Media Corp. Chairman John Malone forecast four years ago, when he predicted some would follow the decline of music labels and newspapers amid online competition.
Nomura Holdings Inc., Japan’s biggest brokerage, hired top-rated Sanford C. Bernstein & Co. analyst Michael Nathanson as head of U.S. media and telecommunications equity research, according to a person familiar with the matter.
Viacom Inc., the media company that owns Paramount film studios and cable networks such as Nickelodeon and MTV, topped analysts’ profit estimates after cutting expenses and getting more money from pay-TV providers.
Scripps Networks Interactive Inc., owner of Food Channel and HGTV, gained the most in two years after the trust that controls the company sought a probate court ruling that would clear the way for share sales.
Viacom Inc., owner of the Paramount film studio and cable networks such as Nickelodeon and MTV, said fiscal third-quarter profit dropped 7 percent after advertising sales declined the most in more than three years.
Nomura Holdings Inc., the Tokyo-based brokerage that’s expanded its global workforce by almost half in two years, expanded U.S. equity trading and introduced stock research in New York to compete for a bigger market share in the Americas.