TV network and advertisements help Time Warner record 87pc jump in profits

WASHINGTON US media giant Time Warner posted an 87 percent jump in its second-quarter profit thanks to a strong advertisement revenue and improved performance of its cable networks and TV arms. Net income for Time Warner, which owns famous brands such as TV networks HBO and CNN and movie company Warner Brothers, rose 87 percent to $771 million or 81 cents per share, from $412 million, or 42 …

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