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Time Warner reported third-quarter profit gains at its TV networks and magazine businesses, offset in part by weaker film results due to tough year-ago comparisons.
Overall, the company reported a slight revenue gain and higher profits from operations. Its net profit declined 21 percent mostly due to a recent buyback of debt, but exceeded Wall Street expectations.
Time Warner’s quarterly profit of $522 million was down from $662 million in the year-ago period. Revenue rose 2 percent to $6.4
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