Time Warner posts earnings of $1.22 a share vs 94 cents estimate
November 05, 2014 at 07:00 AM EST
Analysts expected Time Warner to post quarterly earnings of 94 cents per share on revenue of $6.16 billion, according to estimates from Thomson Reuters. This may pose a threat to media streaming company Netflix and may drive more consumers to drop their cable subscriptions. By the end of November, Time Warner plans to lay off 10 percent of its workforce-7...