Time Warner posts year-end fall

Time Warner Inc. ported a year-end net loss of $227 million on revenues of $11,517 billion, representing a loss of $13.67 per share after preferred dividends versus a loss of $17.29 for the same period a year ago. The company said that due to interest expense and the accounting treatment associated with the amortization of the purchase of Warner Communications, it reported a fourth-quarter net loss of $34 million on revenues of $3,291 billion.

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