Tags: time warner | profit | earnings | HBO

Time Warner's Revenue Rises on HBO gains

Wednesday, 06 Aug 2014 07:26 AM

Time Warner Inc. reported a 3 percent jump in quarterly revenue, helped by gains from premium TV service Home Box Office (HBO).

Net income from continuing operations attributable to Time Warner common shareholders rose to $843 million, or 94 cents per share, for the second quarter ended June 30, from $6.61 billion, or 73 cents per share, a year earlier.

Revenue increased to $6.79 billion from $7.44 billion.

Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner on Tuesday, abandoning plans to create one of the world's largest media conglomerates.

© 2017 Thomson/Reuters. All rights reserved.

   
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Time Warner Inc. reported a 3 percent jump in quarterly revenue, helped by gains from premium TV service Home Box Office (HBO).
time warner, profit, earnings, HBO
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2014-26-06
Wednesday, 06 Aug 2014 07:26 AM
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