Time Warner Q1 Operating Income Slips; HBO Gains Offset Warner Bros. Dip

Read on: Deadline

The judge’s decision can’t come quickly enough. Time Warner followed AT&T’s lackluster first quarter earnings report yesterday with a mixed-bag announcement of its own this morning.┬áRevenues for the period increased 3% to $8 billion on growth at Turner and HBO, partially offset by a decline at Warner Bros. Operating income decreased 13% to $1.8 billion and 8% on an adjusted basis to $2 billion, which the company blamed on “declines at all operating divisions.” On a…