Time Warner Earnings: Growth From Networks Can't Offset Publishing Declines

As we wait to hear about layoffs coming out of Time Inc. today, we got a chance to look at the magazine publisher’s parent Time Warner’s third quarter earnings.

The company reported a 5 percent decline in revenues compared to the third quarter of last year — they dropped to $7.1 billion. Time Warner attributed the decline to low revenues at AOL and its publishing and film entertainment divisions, offsetting 5 percent revenue growth in its networks division, which includes HBO and Turner Broadcasting.

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