Media conglomerate Time Warner Inc. said Wednesday that its second-quarter net income grew 14 percent, thanks to higher revenue from its TV channel business, video games and movies such as “The Hangover Part II.”
Here’s how individual divisions fared:
Networks, including CNN and HBO: Revenue up 9 percent to $3.5 billion. Division saw more subscription and advertising revenue and sold more programming on DVDs and internationally.
Filmed entertainment: Revenue up 13 percent to $2.8 billion. Boosted by home video sales of last summer’s “Harry Potter” flick and a strong showing in theaters by “The Hangover Part II,” despite disappointing performance of “Green Lantern.”
Publishing: Revenue up 3 percent to $946 million. Growth in subscription, ad and content revenue.