The unexpectedly strong performance of
Time Warner also increased its business outlook for the year saying its adjusted earnings per-share growth should be in the low-teens excluding the
For the quarter, Time Warner posted profits of $1.29 billion, or $1.42 a share, an increase from the $754 million, or 79 cents a share for the same period in 2013. Revenue improved 9% to $7.5 billion.
Revenue at Warner Bros. jumped 14% to $3.1 billion and operating income grew 40% to $369 million. Asked to comment on
The Turner unit, which includes
However, Bewkes expressed concern about the performance of TNT and TruTV. TNT, Bewkes said, has not taken enough "creative risks" with original programming. TNT has struggled to create shows that attract younger viewers such as
Turner is under new management. John Martin, the former chief financial officer of Time Warner, is now chief executive of Turner. There have also been some recent departures, including Steve Koonin, who had headed entertainment for the Turner unit.