News From Yellow Business Pages » Wired: Top Stories » Time Warner Q1 Net Falls 36 Percent; Bids Final 'Bye' to Cable

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Wired: Top Stories

• 

  Time Warner Q1 Net Falls 36 Percent; Bids Final 'Bye' to Cable

  Posted: April 30th, 2008, 8:40am EDT by Associated Press

  Tags:    [edit]

  Time Warner, the world's biggest media company, reports a 36% decline in Q1 profits and says it will spin off the rest of its cable business. The owner of AOL and CNN nets 21 cents per share in the first three months of the year, down from 31 cents, on revenues that rose 2% to $11.42 billion.