Time Warner, $TWX, Sees Revenues Rise 4%; Posts Lower Profits

“Time Warner said Wednesday its revenue rose 4 percent from a year ago, but impairment charges including one from the troubled HBO series “Luck” kept the media company from recording a higher profit in the first quarter.

First-quarter revenue from the company’s TV and cable networks, which include TNT, CNN, and HBO, rose 3 percent to $2.6 billion….”

Full report