Time Warner’s TV Companies Help Bottom Line


By Chris O'Shea Comment

Time Warner reported its earnings for the third quarter, and judging by the numbers, we’re guessing the company’s execs are thankful people love TV. According to The New York Times, Time Warner’s networks — including HBO, TNT and more — had its best quarter ever, raking in $1.2 billion in overall operating income. That represented a 12 percent jump from the same period last year.

The TV boost, however, was balanced out by news that Time Inc. continued to stumble. Overall revenue for the publishing unit fell six percent, as both subscription and advertising revenue dropped six and five percent, respectively.

“Over all, I’m very confident about how we’re positioned heading into the next year and beyond,” Jeff Bewkes, CEO of Time Warner, told the Times.