Time Warner records 1.5 billion dollars quarterly profit
Time Warner, the world's largest media conglomerate, reported a net income of $1.5 billion in the first quarter of 2006—up from $915 million in the same period a year earlier.
Time Warner, the world's largest media group, posted a net profit of 1.5 billion dollars in the first quarter of 2006 - compared to 915 million dollars in the same period last year. Turnover rose by one percent to 10.5 billion dollars, as the New York-based company announced on Wednesday. The television and film division is responsible for the good result, reports the news agency SDA. On the other hand, Time Warner recorded a drop in profits at the Internet company AOL and in the print division.
