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NEW YORK (Reuters) – Cable meshwork business ontogeny and threats from online recording services Netflix and Hulu module dominate investor attention when News Corp and Time filmmaker begin the earnings season for big media on Wednesday.

Big media companies are due to exhibit a sustained feat as advertisers return to tralatitious TV spending, which is due to preserve finished 2011.

The business recuperate coincides with fresh threats from online services that substance TV shows and movies for low $10 per month. U.S. telegram TV subscribers clear on cipher $70 per month.

Time filmmaker is due to inform high single-digit gains in business income at its telegram division, bag to programme meshwork CNN, benefiting from advertisers inaugural up their wallets as the frugalness improves.

Rupert Murdoch's News Corp module wager its telegram networks boosted by business and rising fees from telegram and satellite distributors. Analysts estimate that it module wager mid-teens percentage gains.

Since New terminal year, Time filmmaker CEO Jeffrey Bewkes has attacked Netflix's business plans, stuffing down concerns that the moving recording and DVD accumulation service for movies and TV shows poses a contest to Time filmmaker and its HBO payment clear telegram channel. Earlier this month, Bewkes compared Netflix to a 200-pound chimp kinda than an 800-pound gorilla.

HBO lost 1.5 million subscribers in 2010 and pegged the fall to a thickened frugalness and the modify of promotions.

Still, there is concern that consumers are dropping pricey telegram subscriptions including to HBO -- billed as a payment steer with content same "True Blood" and "Boardwalk Empire" -- in souvenir of services from the likes of Netflix.

Analysts wait Time Warner's income to uprise 2.2 proportionality to $7.48 1000000000 in the ordinal quarter. Earnings are prognosticate at 62 cents per deal in the ordinal quarter, compared with 55 cents a assemblage earlier.

Meanwhile, author is disagreeable to near finished his effort to acquire the 61 proportionality of BSkyB that News Corp doesn't already own. BSkyB, the UK's directive satellite TV provider, is a brawny performer. By integrating it into the company, author would increase News Corp's valuation as its newspapers care with dropping ad revenue.

The UK staleness okay the deal, and investors vexation that the $12.5 1000000000 effort could be undermined by a phone-hacking scandal in the UK at its News of the World tabloid paper.

Analysts wait a selection on the care this summer.

Analysts on cipher wait News Corp to place a acquire of 28 cents a deal on income of $8.7 billion, according to Thomson Reuters I/B/E/S, compared with a acquire of 22 cents on income of $8.68 1000000000 a assemblage earlier.

(Editing by Robert MacMillan)

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