Revenue

Time Warner Chief Executive Jeff Bewkes touted his company's digital initiatives for television and film while also promising to invest more in content in 2012 as the media conglomerate reported improved results for the final quarter of 2011, slightly beating analysts' estimates. Revenue for the New York-based company was up 5% during the fourth quarter and 8% for the full year to $8.2 billion and $29 billion, respectively. Net income rose a fraction of a percent to $769 million for the quarter and $2.89 billion for the year.

Income from parking fees took a nose dive at Bob Hope Airport in January, dropping about 6.2% compared to the same period last year, according to figures released this week. Parking fees - an important revenue source - generated $1.5 million for the airport in January, down from roughly $1.6 million during the same month last year, according to a Monday report to the Burbank-Glendale-Pasadena Airport Authority. ________ For the Record: An earlier version of this story incorrectly stated the figure for January 2011 as being "nearly $2 million.

DreamWorks Animation, the Glendale studio behind the "Shrek" and"Kung Fu Panda" movies, saw its revenues jump 26% to $136.1 million in the first quarter. The company said it earned a profit of $9.1 million, or 11 cents a share, the first quarter of the year, a 3% increase over last year, reflecting international ticket sales from the Shrek spinoff,"Puss in Boots. "The movie grossed $554 million worldwide since its release last October. The results exceeded the consensus estimate among analysts, who had forecast a profit of 9 cents per share and revenues of $134 million.

The Toll Middle School students rallying to defend their teachers against layoffs was heartwarming (“Students rally for teachers,” March 12), but I admit that the signs in the photograph struck a negative chord with me. Obviously, cutting foreign aid, which is a federal function, would not resolve California’s fiscal crisis that has brought on the threat of teacher layoffs along with numerous other serious damage to the state’s infrastructure. Yet the signs the youths brandished are emblematic of the commonly held assumption that the solution is to cut spending.

Comcast Corp.'s earnings jumped nearly 30% in its first quarter as more customers signed up for high-speed Internet service.  But the cable Goliath also showed strength in some an unexpected quarters: the long-lagging NBC broadcast unit and Universal Pictures, which released two hit movies, including "The Lorax. " For the quarter ended March 31, the Philadelphia-based company said its net income grew to $1.22 billion, or 45 cents per share, from $943 million, or 34 cents per share, from the year-earlier period.

DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.

Should anyone be sorry that the landfills are not generating income (“ Landfill sees steep revenue drop ,” Feb. 20)? Have we become some Third World country where our revenue depends on accepting trash? City officials have their policies upside-down. We should be doing everything to reduce waste and extend the life of the landfill. How about establishing a vision of zero waste by 2020? That would translate into zero dollars in revenue from landfill operations. What most Glendale residents may still not know is that the city's expenditures have far outpaced its revenues, starting since well before the recession.

La Crescenta should not be its own city. I have lived in La Crescenta since 1947 and have seen many, many changes. Had the people of La Crescenta and Montrose not voted to be part of Glendale, the revenue of the Glendale annexed area has the revenue to support cityhood. Property values can be further increased if one does not have to look at the RVs, which detract from our property. Local control is not the answer. The control is local through the supervisor's office, and the supervisor has always listened and addressed our needs.

Tim Willert DOWNTOWN -- Quarterly sales tax revenue generated by the city between January and March declined for the first time in more than five years, further evidence of a sluggish economy. The city collected $6.3 million during the first quarter of 2001 compared to $6.6 million over the same period last year, a drop of 5.1%, city officials said Friday. But a quarterly report compiled by consultant Hinderliter, de Llamas and Associates said accounting adjustments and a large one-time payment made during the first quarter of 2000, skewed the results.

Over the next five years, Glendale may still face multi-million dollar budget gaps, even if revenues from property and sales taxes continue to climb at a steady rate, city officials said at a budget meeting Tuesday. But unlike in recent years, the shortfalls may not be as difficult to surmount as they've been in years past, thanks to a variety of ways to increase revenues, including new taxes, officials said. Rather than the $15.4-million and $18-million gaps of the past two years, respectively, the city may see deficits of $1.2 million to $11.3 million over the next five years, according to a city report.

By 2017, property-tax revenue totaling roughly $700,000 from 20 new downtown developments is anticipated, a sum that at least one council member scoffed at this week as being lower than expected. Once the 20 projects start generating property tax revenues, Glendale could make an average $35,000 per development, which Councilman Ara Najarian on Tuesday called paltry. "I am surprised when I look at the list of those projects," Najarian said. "Those are just drops in the bucket.

DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.

The Alex Theatre logged a 22% jump in income during the first quarter of this year compared to the same period in 2011, when the historic venue was coming out of a summer of intrusive renovations. Still, city officials this week said the surge is nothing to sneeze at. When comparing the first quarter results to the same period over the last four years, the theater saw 8% higher than average total income, according to a city report released Tuesday. Plus, while other first quarters had 10 to 15 days of activity, this most recent quarter had 29. “It's another step forward for the Alex Theatre,” said Philip Lanzafame, Glendale's officer for economic development and asset management.

City officials say they are on solid legal ground in continuing to transfer tens of millions of dollars in operating revenue from Glendale Water & Power -- no matter how residents vote in April on proposed amendments to the charter's language governing the practice. Pointing to newly found documents from more than 70 years ago, officials last week said that the city currently handles the electricity revenue transfers as intended: take a percentage directly from the utility's operating revenues and transfer it to the General Fund, which pays for parks, police and other general public services.

Glendale was set to make about $5.6 million in tax revenues from the Americana at Brand this year, but with its Redevelopment Agency gone, the city can expect to see that figure drop by roughly half in the years to come, officials reported. Rather than getting 80% of property tax revenue from the high-end outdoor mall, Glendale stands to get about 17% of property tax revenue in the future, with Los Angeles County and the Glendale Unified School District gaining 57% and 21%, respectively, according to a city report presented at City Hall on Tuesday.

The Montrose Shopping Park Assn. - which long struggled to make ends meet until clamping down on cash-reporting procedures - announced Thursday that the business group was on track to exceed income projections by 11%. The shopping park has made about $400,000 so far, “and it's only August,” said Executive Director Dale Dawson at a board meeting Thursday. And with expenditures remaining steady - originally projected at $360,000 - the shopping park board will be in the enviable position of deciding what to do with the extra money.

For decades, Glendale has tried to clear billboards from its skyway, but now officials in the cash-strapped city may be open to the advertisements in exchange for extra revenue. The change of heart comes as the Los Angeles County Metropolitan Transportation Authority plans to install two digital billboards near the Ventura (134) Freeway and San Fernando Road. There's little Glendale can do to stop it, so the city might as well make money off it, officials said. “We need money today; gosh, who doesn't?

A new accountability system is helping Glendale Unified increase student attendance rates while also boosting state funding doled out based on the number of occupied classroom seats. For the last decade, the district's student attendance rate has hovered around 96%, said Eva Lueck, chief business and financial officer. During the 2009-10 school year, which saw the Station fire, debris flows and related evacuations, that number slipped to 95.7%. The district subsequently spent $86,900 to implement a new accountability system called Attention2Attendance.

Comcast Corp.'s earnings jumped nearly 30% in its first quarter as more customers signed up for high-speed Internet service.  But the cable Goliath also showed strength in some an unexpected quarters: the long-lagging NBC broadcast unit and Universal Pictures, which released two hit movies, including "The Lorax. " For the quarter ended March 31, the Philadelphia-based company said its net income grew to $1.22 billion, or 45 cents per share, from $943 million, or 34 cents per share, from the year-earlier period.