May 3 Time Warner Inc, which is being
bought by AT&T, reported a 17.3 percent rise in profit,
helped by the success of its releases "Kong: Skull Island" and
"The Lego Batman Movie" in the first quarter.
The company's net income increased to $1.42 billion, or
$1.80 per share, in the three months ended March. 31, from $1.21
billion, or $1.51 per share, a year earlier.
Revenue rose to $7.74 billion from $7.31 billion.
Time Warner said on Wednesday it was on track to close its
merger with AT&T before the end of 2017. U.S. President Donald
Trump has, during his election campaign, opposed the $85.4
(Reporting by Rishika Sadam in Bengaluru; Editing by Savio