THE RESULTS: Time Warner Inc.‘s earnings fell 11 percent during the first three months of the year because of restructuring charges, but adjusted income beat Wall Street’s expectations.
THE REASONS: The company’s movie studio and TV network businesses were strong. Those gains offset weakness in the magazine division.
LOOKING AHEAD: Time Warner also reaffirmed its full-year outlook. It also vows to seek higher fees from cable and satellite TV companies to carry its Turner channels when contracts are up for renewal over the next several years.
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