Time Warner Q1 Earnings Hit by Higher Content Costs – Variety

Time Warner saw a year-over-year decline in operating income in the first quarter largely due to higher programming and marketing costs at Turner and HBO. Time Warner reported revenue of $8 billion, a 3% increase from the year-ago quarter. Adjusted operating income fell 8% to $2 billion.
— Read on variety.com/2018/biz/news/time-warner-hbo-warner-bros-turner-q1-1202788325/