News Summary: Time Warner 3Q net income up 44 pct

News Summary: Time Warner posts 44 pct jump in 3rd-qtr net income, backs full-year outlook

Associated Press

THE RESULTS: Time Warner Inc. posted a big jump in third-quarter net income, boosted by its popular cable network shows.

DETAILS: Its Turner Networks, which include TNT and TBS, accounted for four of the top 10 scripted shows on advertising-supported cable, while "The Big Bang Theory," which is produced by the company's Warner Bros. division, continued to draw audiences to TBS.

LACKLUSTER OUTLOOK: The media and entertainment company reaffirmed its previous profit guidance for the full year. Company officials noted that the company faces tough year-ago comparisons at Warner Bros. and continuing pressures at its publishing arm.

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