Time Warner Inc. Provides 2006 Full-Year Business Outlook
Time Warner Inc. has provided its 2006 full-year business outlook. The company said it expects its 2006 full-year growth rate in Adjusted Operating Income to be in the high-single digits, off a base of $10.3 billion in 2005. The company also said it expects to convert between 35% to 45% of its 2006 Adjusted Operating Income into Free Cash Flow.
This outlook does not include the impact of any future merger and restructuring charges and sales and acquisitions of operating assets that may occur from time to time due to management decisions and changing business circumstances.
[Source: Business Wire]