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Time Warner's Revenues Down 6 Percent; AOL Tanks 23 Percent; Time Inc's $100M Charge
Wednesday, November 4, 2009Despite reporting a revenue drop of 6 percent to $7.1 billion in Q3, a profit drop of 38 percent and confirming a $100 million charge for Q4 due to the latest Time Inc. reorg, Time Warner (NYSE: TWX) said this quarter is going well enough for its Content group to raise its overall guidance for the year. (The Content grou...
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