SAN FRANCISCO (AFX) - Media and entertainment stocks were mixed Monday morning, with Primedia among the more significant decliners and Lions Gate Entertainment leading percentage gainers. Magazine publisher Primedia was down 6 percent at $3.90 after its release of fourth-quarter results. The company said its profit was $13.5 million, or 5 cents a share, compared with net income of $4 million, or 2 cents a share, in the same period last year. Revenue rose 1.6 percent to $339 million from $333.6 million a year earlier. Primedia expects revenue to increase by a "low to mid-single-digit" percentage in 2005 from the 2004 total of $1.31 billion. Meanwhile, film studio Lions Gate advanced 6 percent to $10.56 after its theatrical film "Diary of a Mad Black Woman" surprisingly emerged atop the weekend box office in its debut week, picking up $22.7 million. Time Warner was off slightly, though its "Million Dollar Baby" won four Academy Awards Sunday night, including Best Picture. This story was supplied by MarketWatch. For further information see www.marketwatch.com.
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