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
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.