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Cultura

Time Warner profit falls 27 percent on weak studio revenue


    (Reuters) - Time Warner Inc 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.

    (Reporting By Sai Sachin R and Lehar Maan in Bengaluru; Editing by Sriraj Kalluvila)