Time Warner reported Q1 profits up on gains from all units. Net income rose 17 per cent to $1.4 billion compared to $1.2 billion a year ago. Revenue was up 6 per cent to $7.7 billion.

The results topped Wall Street estimates as the company works to finalise its acquisition by AT&T.

At Turner Broadcasting, operating income increased 6 per cent to $1.2 billion. Revenues rose 6 per cent to $3.1 billion. Subscription revenues rose 12 per cent and content revenues were up 16 per centt. Advertising revenues were down 2 per cent because of lower ratings at some domestic networks, partly offset by increases at CNN, buoyed by the election, and in sports.

Other posts by :

1. IRIS2 free for government usage?
2. Bank: AST SpaceMobile will orbit 356 satellites by 2030
3. SpaceX launches 600th rocket
4. Starlink: 10m customers and counting
5. SES predicts end of ‘big’ Geo satellites
6. Amazon Leo gets approval for 4,504 extra satellites
7. SpaceX gets a portion of India
8. TerreStar wants to build LEO network
9. Musk: “No Starlink phone”

Categories: Articles, Business, Results