Reuters: Technology News: Time Warner's second-quarter revenue, profit up

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Time Warner's second-quarter revenue, profit up Aug 7th 2013, 11:20 Tweet Share this Email Print Related News UPDATE 3-CBS chief dismisses Time Warner Cable offer as empty PR Tue, Aug 6 2013 UPDATE 1-Glu expects bigger-than-expected loss as mobile game demand falls Tue, Aug 6 2013 Nuance cuts forecast on delayed deals, move to subscription Tue, Aug 6 2013 UPDATE 2-Fox reports higher revenue, profit on rise in cable Tue, Aug 6 2013 Glu revenue falls as fewer customers bought mobile games Tue, Aug 6 2013 Analysis & Opinion How the Guardian protects state secrets, and weak reporting at Ad Age The entrance to the Time Warner Center is seen at Columbus Circle in New York August 4, 2010. Credit: Reuters/Shannon Stapleton Wed Aug 7, 2013 7:20am EDT (Reuters) - Time Warner Inc posted higher second-quarter profit on Wednesday, as hit movies "The Great Gatsby" and "Man of Steel" helped revenue in its film and TV entertainment unit rise 13 percent. Net income for Time Warner, which also owns the CNN cable network, premium TV service HBO, and a movie studio, rose to $771 million, or 81 cents per share, from $412 million, or 42 cents a share, a year ago. Revenue rose more than 10 percent to $7.44 billion. Analysts expected $7.11 billion, according to Thomson Reuters I/B/E/S. (Reporting by Liana B. Baker) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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