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Time Warner reported better than expected first quarter net income of $138 million, including a one-time gain, citing growth in all its major units. Revenue was $3.27 billion, up from $3.14 billion. At the Time Inc. unit, earnings before interest, taxes and amortization were up 11% from a year ago to $94 million. Time Warner also cited strong ad performances at its Cartoon Network and CNN news networks. Time Warner stock, which recently set a 52-week
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