Cable unit proves key to Time Warner's 51% profit jump

Time Warner's cable TV network portfolio helped drive a 51% jump in profit to $1.17 billion in its most recent quarter. Revenue was flat at $8.2 billion. The cable TV unit's success in adding HBO subscribers and boosting ad revenue and carriage fees for TNT, TBS and other networks helped overcome weaker sales in the company's publishing and movie divisions. Jeffrey L. Bewkes, chairman and chief executive of Time Warner, called the cable TV division the "core of the company."

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