In some parts of the world, newspapers have been spared by the curse of the internet.
Digital news sites keep growing at the expense of local tv and print.
But still seeing 1.4 million activations a day.
It's the ever-growing cost of royalties and licensing fees.
The revenue of Time Warner's magazine division has fallen 35% from 2006 to 2012.
Groupon's latest earnings illustrate the challenges ahead for next CEO
More than eight times more than Apple.
The company is still a profit machine.