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Focus on creative content helps Time Warner profit
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CommentsMedia conglomerate Time Warner Inc. said Wednesday that improving results at its movie studio and cable networks boosted fourth-quarter revenue, and smaller one-time expenses helped it post a profit after reporting a loss a year ago.
The company also is raising its dividend 13 percent to an annual rate of 85 cents per share and increasing its stock repurchase plan. Time Warner has been slimming down, shedding both AOL and Time Warner Cable in the past year to focus on creative content rather than the businesses that deliver it to customers.
McClatchy news services
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We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service.
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