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But the strong performance of AOL Time Warner's other divisions offset the decline at America Online.
The earnings report reflected a continuing trend at the Post Company — steady losses in its newspaper and magazine divisions, offset by gains in the educational and cable television divisions.
Sara Lee, whose products range from Hanes underwear to Ball Park hot dogs, said profit gains in its meats and household products divisions offset a down quarter for baked goods.
The media group said that handy performances at its cable-television and newspaper divisions offset a tougher year for its film-production unit.PeopleSoft optionPeopleSoft rejected a sweetened takeover offer of $9.4 billion from Oracle.
Improvement in the boys, girls and games divisions offset weakness in Hasbros preschool-targeted toy and game markets.
Second-quarter sales rose 12% to $7.8 billion, from $6.97 billion in the second quarter of 2004, as strong sales across all divisions offset restructuring costs.
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The move comes at the same time that San Mateo/Oslo, Norway-based Opera announced its latest quarterly earnings, in which revenues were up by 31percenttoto 253.1 million Norwegian Kronor ($44 million), on the back of strong growth in its desktop browser, consumer/advertising, and OEM divisions — offsetting a small decline in the company's first-ever customer base, mobile operators.
The world's largest media company said third-quarter earnings, before a range of costs, fell as prolonged weakness at its Internet division offset strength in its cable networks and cable systems businesses.
He had built News Corp. into the world's third-largest media company (behind Time Warner and Disney), with divisions that offset his newspapers' declining sales.
Sluggishness at Time Warner's magazine and movie divisions partly offset gains at its cable television networks, leading to virtually flat revenue and a 13 percent increase in operating income in the first three months of the year.
Under the "consolidated global profits tax," international corporations can use past losses at unprofitable divisions to offset earnings at profitable units in which they hold at least a 50percentt stake.
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