, Columnist
At Least Time Warner Looks Good. Right, AT&T Investors?
AT&T is hemorrhaging video subscribers and struggling to add wireless customers, but its big deal for content still has hope.
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Phew. Time Warner Inc.'s third-quarter results can provide some relief to AT&T Inc. investors as the wireless company gets closer to completing its $109 billion takeover of the TV-network owner. Then again, the bar is rather low.
Earnings at Time Warner, which owns HBO, CNN and Warner Bros. film studio, beat the highest analyst estimate as pay-TV subscription revenue managed to climb even in the face of cord-cutting. Time Warner also continued to have success at the box office with "Wonder Woman" and, most recently, "It."