THE RESULTS: Time Warner's net income fell 33 percent in the second quarter and revenue fell 4 percent, though adjusted earnings beat Wall Street expectations by a penny per share.
STRENGTHS: Revenue from television networks grew in part from higher rates paid by cable and satellite TV companies to carry CNN, TBS and other channels.
WEAKNESS: The Warner Bros. movie studio had weaker releases compared with a year ago. The blockbuster Batman movie "The Dark Knight Rises" didn't open in theaters until the quarter ended.
Source & Image : Yahoo
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