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TECH EARNINGS AOL Time Warner Says It's Expecting A Long Honeymoon.(A)(Internet & Technology)
Byline: Doug Tsuruoka
Investor's Business Daily
When Chief Executive Gerald Levin talks about AOL Time Warner Inc., it sounds like he's talking about the soul of a new machine.
"It's not a media company anymore. It's not an Internet company anymore. It's truly a one-of-a-kind company," Levin said Wednesday in announcing the newly merged firm's fourth-quarter and full-year results.
The company's huge chest of online and traditional media assets are cushioning the ef
fects of a weak ad market that's hurting other media firms, Levin says. "We arein a different zone," he said.
Levin's so confident that he affirmed projections that 2001 revenue would grow 12%-15% to $40 billion. He also said adjusted earnings or cash flow would rise by about 30% to $11 billion.
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