Time Warner’s second-quarter results were mediocre, weighed down ...
Time Warner’s second-quarter results were mediocre, weighed down by slowing growth in AOL’s advertising business, Wachovia analyst Jeffrey Wlodarczak wrote. Time Warner’s cable systems were a bright spot, with revenue increases there helping lift Time Warner’s top line 6…
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percent from a year ago to $11 billion. Time Warner Cable lost 19,000 basic cable subscribers in its legacy systems and 38,000 more in the systems it acquired through the Adelphia merger. Time Warner’s board approved a $5 billion share buyback without specifying the timing. That won’t affect the company’s credit rating, Fitch said. Shares fell 5 percent.