Time Warner Inc, (TWX: chart), media company, reported Q4 net income of 29 cents a share, up from 24 cents in the year-ago period on 7% revenue growth. On an adjusted basis, the latest quarter''s profit was 25 cents a share, topping analysts view for earnings of 22 cents a share. Time Warner''s operating income came in at $2.2 billion, up from the previous year''s $1.6 billion.

Tribune Co, (TRB: chart), media group, reported that Q4 net income dropped 38% to 43 cents a share on 4.7% revenue decline, missing analysts’ forecasts for earnings of 56 cents a share. Tribune''s profit figures incorporated net charges of 10 cents a share for eliminating 900 positions and closing a printing facility and a net non-operating loss of 4 cents a share.

PepsiAmericas Inc, (PAS: chart), Pepsi bottler, reported that Q4 net income advanced 6.2% to 28 cents a share, up from 25 cents in the year-ago period on 9.9% higher sales, in line with analyst forecasts. Sales advanced to $894.3 million from $814.1 million. In Q4, a number of special items taken together cut 1 cent from per-share earnings.