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)

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