Time Warner Q1 Earnings Hit By Higher Content Costs

Time Warner saw a year-over-year decline in operating income in the first quarter largely due to higher programming and marketing costs at Turner and HBO. Time Warner reported revenue of $8 billion, a 3% increase from the year-ago quarter. Adjusted operating income fell 8% to $2 billion. The results come as Time Warner is awaiting […]

Topics:  hbo time warner   time warner   higher   costs   operating   quarter   income   billion   
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