Time Warner Q1 profit falls but eyes on global expansion
Time Warner 1Q profit falls on cable spin
LOS ANGELES — Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent on charges related to its cable unit spin-off. Amid an ad slump, the media conglomerate reaffirmed its guidance on flat profits for the full year. The company also moved further toward shedding the beleaguered Internet unit AOL, while suggesting that its Time Inc. magazine business may go some day.
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