Time Warner (TWX) Tops Q2 EPS by 13c; Boosts FY16 EPS Outlook; Will Take 10% Stake in Hulu
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Time Warner Joins Hulu as Equity Owner and Signs Affiliate Agreement for New Hulu Live-Streaming Service to Carry Turner Networks
August 3, 2016 7:02 AM EDTNEW YORK & SANTA MONICA, Calif.--(BUSINESS WIRE)-- Time Warner Inc. and Hulu LLC announced today that Time Warner will become a 10% owner of Hulu, the premium streaming TV service that offers the best of current season programming, premium original content, films and full seasons of hit series. Time Warner joins The Walt Disney Company, 21st Century Fox, and Comcast in the joint venture.
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... MoreTime Warner Inc. Increases 2016 Full-Year Business Outlook
August 3, 2016 7:01 AM EDTNEW YORK--(BUSINESS WIRE)-- Time Warner Inc. (NYSE: TWX) today increased its 2016 full-year business outlook. The Company now expects its 2016 full-year Adjusted Diluted Income per Common Share from Continuing Operations (Adjusted EPS) to be in the range of $5.35 to $5.45.
The outlook for 2016 Adjusted EPS does not include the impact of any future merger or unplanned restructuring and severance charges, the impact from future sales or acquisitions of operating assets or the impact of taxes on such items. These items may occur from time to time due to management decisions and changing business... More
Time Warner Inc. Reports Second-Quarter 2016 Results
August 3, 2016 7:01 AM EDTSecond-Quarter Highlights
Revenues of $7.0 billion Operating Income and Adjusted Operating Income each totaled $1.8 billion EPS of $1.20 and Adjusted EPS of $1.29 Repurchased 23 million shares for $1.6 billion year-to-date through July 29, 2016NEW YORK--(BUSINESS WIRE)-- Time Warner Inc. (NYSE: TWX) today reported financial results for its second quarter ended June 30, 2016.
Chairman and Chief Executive Officer Jeff Bewkes said: We had a strong first half of 2016, which puts... More
