Time Warner Posts 14% Rise in Profit

Reuters

Time Warner Inc reported a 14 percent rise in quarterly profit, helped by higher revenue at its Turner network and Warner Bros. studio.

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The company's net income rose to $971 million, or $1.16 per share, in the second quarter ended June 30, from $850 million, or 95 cents per share, a year earlier.

Revenue rose 8 percent to $7.35 billion.

(Reporting by Sagarika Jaisinghani and Anya George Tharakan in Bengaluru; Editing by Maju Samuel)