Morning Media Newsfeed: Atlantic Partners With NewsHour | DWA Earnings Beat Estimates

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The Atlantic Partners With PBS NewsHour (FishbowlNY)
The Atlantic is partnering with PBS’ NewsHour to produce broadcast adaptations of the magazine’s work. 10,000 Words In a statement, the two news organizations said: NewsHour and The Atlantic plan to broadcast reports on a wide range of topics over the next six months. The partnership combines the strengths and sensibilities of both brands: The Atlantic’s ideas-driven journalism on issues of import, and the editorial depth and broadcast expertise of PBS NewsHour. FishbowlDC The Atlantic’s partnership with NewsHour marks the magazine’s first ongoing broadcast venture. Politico / Dylan Byers on Media The first report, which aired Wednesday night, is based on the Atlantic’s November-issue cover story about the spread of teenage sexting and its societal and legal consequences. The Atlantic’s Hanna Rosin reported the NewsHour piece with anchor Judy Woodruff. Variety The stories will run online at and Sara Just, a veteran of ABC News, joined PBS NewsHour as its executive producer earlier this year.

DreamWorks Animation Beats Earnings Expectations (THR)
DreamWorks Animation reported Wednesday that it earned 14 cents per share in the third quarter on $181 million in revenue, better the than the 5 cents per share on $177 million that analysts had expected, in part due to a strong overseas reception to How to Train Your Dragon 2. Deadline Hollywood The studio generated $11.9 million in net income, up 18.5 percent vs. the period last year. Dragon accounted for $74.2 million in revenue for the quarter — a little more than half of the $142.4 million in revenues for the feature film segment, which also had a gross profit of $64.3 million. Turbo added $12.7 million in revenues while The Croods brought in $1.8 million, and Rise of The Guardians contributed $3.5 million. Library titles accounted for $50.2 million. WSJ DreamWorks Animation CEO Jeffrey Katzenberg said Wednesday he is focused on his company’s diversification efforts, which include expansions in television, consumer products and digital content. No update was given on the status of an investigation by the U.S. Securities and Exchange Commission into the company’s $13.5 million write-down on the summer 2013 film, Turbo. Variety DreamWorks also said it will reduce the production costs of its animated movies, which should help boost profits per picture, something Katzenberg has discussed before. On the marketing front, Katzenberg said television remains key to market its films, generating 90 percent of awareness for new releases. Katzenberg noted how some of the new superhero movies Marvel Studios announced at a fan event Tuesday will be launched around the same dates as some of DWA’s releases. “Some of those conflict,” Katzenberg said. “We have a release schedule and there will be flexibility in that release schedule.”

Time Warner Cable Misses Estimates on Drop in TV Users (Bloomberg)
Time Warner Cable Inc., the cable company awaiting regulatory approval to merge with Comcast Corp., reported earnings that trailed analysts’ estimates on more video subscriber losses. Third-quarter earnings, excluding some items, fell 4.3 percent to $1.86 a share, the New York-based company said in a statement Thursday morning. Analysts estimated $1.90 on average. Time Warner Cable lost 184,000 video customers and gained 92,000 high-speed Internet subscribers, compared with losses of 306,000 for video and 24,000 for broadband a year ago. CNBC The company announced in early October that its stockholders had approved a deal for the firm to become a 100 percent owned subsidiary of Comcast. The $45 billion merger was first proposed in February and is still under regulatory review. Forbes Over the last four quarters, revenue has increased 3 percent on average year-over-year. In the most recent quarter, the company saw its greatest gain in revenue, when it increased 4 percent from the year-earlier quarter.