Turner Broadcasting System reported net income of...

Turner Broadcasting System reported net income of $1.16 million, including an extraordinary charge of $16.3 million related to the takeover of CBS and an income tax benefit from the utilization of operating loss carry-forwards of $182,000. In 1984, the Atlanta-based firm’s net income totaled $10.1 million, including income tax benefits from utilization of operating loss carry-forwards of $4.99 million.