Time Warner profit falls 27 percent on weak studio revenue
By Staff Reporter | Feb 11, 2015 07:58 AM EST
Time Warner Inc (TWX.N) reported a 27 percent fall in quarterly profit, hurt by a decline in revenue in its Warner Bros movie studio business.
Net income attributable to Time Warner shareholders fell to $718 million, or 84 cents per share, for the fourth quarter ended Dec. 31 from $983 million, or $1.06 per share, a year earlier.
Revenue fell 1 percent to $7.53 billion.
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