Feb 6 Time Warner Inc posted higher fourth-quarter profit on Wednesday, as growth in its cable networks offset declines in the film, TV entertainment and publishing units.
Net income for the company, which owns the CNN cable network, premium TV service HBO, People magazine and a movie studio, rose to $1.16 billion, or $1.21 a share, from $773 million, or 76 cents a share, a year ago.
Revenue fell 0.4 percent from a year earlier to $8.16 billion. Analysts were expecting $8.22 billion, according to Thomson Reuters I/B/E/S.
Gunman in California UPS shooting targeted co-workers for slayings
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.