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As their cash flow rises, the majors invest more cash in exploration, drilling and production, creating business for the oil service companies.
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Despite those drops, cash flow rose 44 percent, to $3.6 billion.
The music division's cash flow rose 4percentto to $518 million.
On the same basis, cash flow rose 22.9percentto to $1.83 billion.
Revenue from cable networks rose 16percentto to $995 million, while cash flow rose 22percentto to $353 million.
Revenue rose 22percentto to $975 million, while cash flow rose 24percentto to $458 million.
Revenue jumped 12percentto to $1.62 billion, as cash flow rose 15percentto to $768 million.
Adjusted revenue from television rose 7percentto to $1.8 billion, while cash flow rose 48percentto to $347 million.
The cable networks showed the most growth in cash flow, rising 25percentto to a record $394 million.
Ms. Reif Cohen estimates that VH1's cash flow rose about 4percentt even in last year's weak economy.
Of that total, AOL's cash flow rose 58percentto to $652 million, while cash flow from Time Warner's businesses rose 4percentto to $1.8 billion.
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