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A Lighter Time Warner Returns to the Black

more in Earnings »

BY SHIRA OVIDE

Adding to early evidence of a media-industry recovery, Time Warner Inc. logged a fourth-quarter profit on the strength of fees paid to air its cable networks and a healthy clip of movie-ticket sales for "The Blind Side" and "Sherlock Holmes."

After spending his first two years on the job whipping Time Warner into shape, Chief Executive Jeff Bewkes said he's happy with the company's overall makeup but acknowledged there are still areas that need some attention, such as sliding viewership at some of its core cable-TV networks.

Since taking over at the beginning of 2008, Mr. Bewkes has shed the ...

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