March 31 (Bloomberg) -- Time Warner Inc.'s spinoff of its cable division dropped the New York-based owner of Time magazine and Warner Bros. to third place among U.S. media companies, behind Walt Disney Co. and News Corp.
Disney, based in Burbank, California, reported fiscal 2008 sales of $37.8 billion. Excluding $17.2 billion in cable revenue, Time Warner's 2008 sales totaled $29.8 billion.
]]>