Time Magazine 2009 Annual Report Download - page 5
Download and view the complete annual report
Please find page 5 of the 2009 Time Magazine annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
 |
 |
To Our Fellow Stockholders,
Whether in film, television or
publishing, this is an exciting time for
the media industry. It is also a time
of great opportunity, with changes in
technology and consumer behavior
opening up new avenues for revenue
generation and cost savings for
companies that have the resources
and talent to capitalize on them.
With our industry-leading scale and
some of the most admired brands
and franchises in media and enter-
tainment, as well as strong operational
and inancial momentum, Time Warner
is well positioned to take advantage
of these opportunities and to deliver
steady, attractive returns for our
stockholders over the long term.
Time Warner began 2009 with an
ambitious agenda, and we achieved
what we set out to do. We delivered
strong adjusted earnings-per-share
growth last year, despite the worst
recession in decades. Our Networks
and Filmed Entertain ment busi-
nesses posted record profits in
2009, driven largely by the strength
of our content. We strengthened
our balance sheet in 2009, even
while returning more than $2 billion
to our stockholders through divi-
dends and share repurchases. We
also became a more content-
focused company, completing spin-
o s of Time Warner Cable and AOL,
which has enabled us to concentrate
all of our energy and resources on
what we do best— making and dis-
tributing the most compelling
branded content for traditional and
emerging platforms.
In 2010, we’ll build on this foundation
by continuing to develop our
scale and brands, investing more in
programming and production,
improving our e iciency, extending
our brands internationally and
accelerating the digital transition in
our businesses. There’s growing
evidence that industry trends are
increasing the value of the content
we produce. For example, as the
proliferation of distribution outlets and
devices increases consumer choice
and consumption, research suggests
that people are gravitating toward—
and are willing to pay for—high-
quality content from trusted brands,
which plays into our strengths.
A Message from the Chairman and CEO
Above, top to bottom:
Curb Your Enthusiasm,
The Hangover
Opposite:
The Big Bang Theory