Turner Broadcasting System Inc.: The Atlanta-based firm...

Turner Broadcasting System Inc.: The Atlanta-based firm posted a small profit for the 1990 fourth quarter, as well as its first annual profit since 1985. For the quarter, TBS had earnings of $7.3 million, contrasted with a $110.9-million loss in the year-ago period. Revenue was $356.5 million, up from $292.8 million. For the year, Turner posted a profit of $4.6 million, contrasted with a loss of $70.7 million in 1989. Revenue rose to $1.39 billion from $1.06 billion in 1989 because of a 78% increase in entertainment division revenue, including subscriber fees and advertising. The news division, including Cable News Network and Headline News, had a 16% increase in revenue.

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