Time Warner Posts Record Profits
Time Warner employees have something to cheer about: today their company posted year-end profits higher than any other point in the company’s history.
Revenues were also up, 6 percent to $26.9 billion, which is the best growth rate since 2004.
Why?
Not from Time Inc., that’s for sure. The revenue boost came from Time Warner’s TV and film businesses.
Publishing revenues slid a bit both for the full year and for just the fourth quarter: in Q4, the publishing division’s revs sank from $1.1
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