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Third-Quarter Net Income Down 21%—Media Revenue Up
The firm posted third-quarter net income of $522 million, down from $662 million a year earlier — a 21% decline driven largely by a one-time debt-redemption charge. Despite that setback, the media and entertainment division remained sturdy, with revenue rising 2% to $6.4 billion year-over-year. Network operations were particularly strong, boosting profits by 23%. At the cable networks...
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