Time Warner Earnings: Growth From Networks Can't Offset Publishing Declines

As we wait to hear about layoffs coming out of Time Inc. today, we got a chance to look at the magazine publisher's parent Time Warner's third quarter earnings. The company reported a 5 percent decline in revenues compared to the third quarter of last year -- they dropped to $7.1 billion. Time Warner attributed the decline to low revenues at AOL and its publishing and film entertainment...