Time Warner Drops After Posting Loss of Turner Subscribers

  • Operating profit falls, stoking investors’ cord-cutting fears
  • Company raises 2016 earnings forecast to $5.30 to $5.40/share

Time Warner Inc. fell to a two-year low after its Turner cable-network division lost subscribers, adding to investors’ fears that big media companies aren’t adjusting quickly enough to a shift in viewership habits.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.