Time Warner ranks No. 122 on FORTUNE's 2006 Global 500

(Fortune) -- Time Warner (Charts) ranks no. 122 on FORTUNE's Global 500 this year, with $43.7 billion in revenues, up 1.8% from the previous year. The New York, New York-based company was ranked no. 100 on the 2005 list. Its 2005 profits were $2.9 billion, down 13.6% from a year earlier. 2005 was a banner year for most Global 500 companies.

It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP.

In the Entertainment industry, profits were down 2.8% from the previous year. The world's biggest companies in the sector are: Walt Disney (Charts), ranked no. 180 on the Global 500 with $31.9 billion in revenues; News Corp. (Charts), ranked no. 256 on the Global 500 with $23.9 billion in revenues; Bertelsmann AG, ranked no. 287 on the Global 500 with $22.2 billion in revenues; and CBS Corporation (Charts), ranked no. 468 on the Global 500 with $14.5 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at http://money.cnn.com/global500

Plus: See Time Warner's Global 500 details, including financial stats and contact information. Top of page

Next: See 2006 FORTUNE Global 500

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.