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News Summary: Time Warner 4Q earnings up

Published on NewsOK Modified: February 6, 2013 at 1:44 pm •  Published: February 6, 2013

THE RESULTS: Time Warner Inc. says net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged.

FACTORS: Rising fees from cable and satellite companies and higher ad revenue at the TV networks offset revenue declines at the movie studio and magazine businesses.

RETURN TO INVESTORS: The company also announced a dividend increase and a new plan to buy back shares. It's raising its quarterly dividend by 11 percent, which Time Warner says marks the fourth consecutive year of dividend increases in the double-digit percentage.