Turner sees profit

Turner Broadcasting System Inc. reported its first annual net profit since 1985. The Atlanta-based company reported net income of $4.6 million for the year ended Dec. 31, considerably better than last year’s loss of $70.7 million. Operating profit for the year declined 12.5% to $55.5 million from $63.5 million. For the fourth quarter, Turner reported net income of $7.3 million, compared to a loss of $110.9 million last year.

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