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Media companies out of top 50 of Forbes' global 2000 list

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MUMBAI: Forbes has released its Global 2000 annual ranking of the world's biggest companies. No media company has made it into the top 50.

Time Warner ranks the highest in the media sector at 51, followed by Disney at 99.

The top ten companies are Citigroup, General Electric, American Intl Group, Bank of America HSBC Group, ExxonMobil, Royal Dutch/Shell Group, BP, ING Group and Toyota Motor. In compiling its ranking, Forbes took into account revenues, profits, assets at market value. Time Warner had revenues of $42 billion, profits of $3.3 billion, assets worth $123.3 billion and a market value of $79.1 billion. Disney's revenues were $30.9 billion, profits $2.4 billion, assets $55.5 billion and a market value of $57.2 billion.

News Corp came in at 125 with revenues of $23.5 billion, profit of $1.9 billion, assets worth $52.9 billion and a market value of $50.6 billion. US cable giant Comcast was ranked 131 on the list, delivering revenues of $20.3 billion, profit of $970 million, assets worth $104.7 billion and a market value of $72.06 billion. Comcast saw an erosion in net profit to the tune of $2,270 million.

As far as net profit is concerned among all companies pharmaceutical major Pfizer did the best. Its figures jumped to $11.3 billion in 2004 from $3.9 billion in 2003, an increase of $7.4 billion. The number one ranked Citigroup had sales worth $108.28 billion, profits of $17.05 billion. Its assets are worth $1,484.10 million and its market value has been estimated at $247.66 billion. Out of the 2000 top companies 821 come from the US. 544 came from the Pacific Rim while 527 are from countries in Western Europe.

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