Business

Time Warner 4Q net income falls 12 pct

By Bree Fowler
Published February 5, 2014 9:18pm ET
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Time Warner 4Q net income falls 12 pct
CORRECTS YEAR OF REPORT TO 2014 - FILE - In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York.Time Warner Inc. reports quarterly earnings on Wednesday, Feb. 5, 2014. (AP Photo/Mark Lennihan, file) | Mark Lennihan

NEW YORK (AP) — Time Warner said Wednesday that its fourth-quarter net income dropped 12 percent, as investments in programing and other costs offset revenue growth.

The New York-based media and entertainment company’s adjusted profit and revenue beat Wall Street predictions.

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