☰

Cultura

Time Warner revenue rises about 5 percent


    (Reuters) - Time Warner Inc reported an about 5 percent rise in quarterly revenue, helped mainly by higher subscription fees from its Turner Broadcasting and Home Box Office networks.

    The company's net income fell to $970 million, or $1.15 per share, in the quarter ended March 31, from $1.29 billion or $1.42 per share, a year earlier.

    Revenue rose to $7.13 billion from $6.80 billion.

    (Reporting by Sai Sachin R and Lehar Maan in Bengaluru; Editing by Saumyadeb Chakrabarty)