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Time Warner (TWX) Earnings Report: Q3 2015 Conference Call Transcript


The following Time Warner (TWX - Get Report) conference call took place on November 4, 2015, 10:30 AM ET. This is a transcript of that earnings call:

Company Participants

  • Michael Kopelman; Time Warner; SVP, IR
  • Jeff Bewkes; Time Warner; Chairman & CEO
  • Howard Averill; Time Warner; EVP & CFO
  • Richard Plepler; Time Warner; Chairman & CEO, HBO
  • John Martin; Time Warner; Chairman & CEO, TBS
  • Kevin Tsujihara; Time Warner; Chairman & CEO Warner Brothers

Other Participants

  • Michael Nathanson; MoffettNathanson; Analyst
  • John Janedis; Jefferies; Analyst
  • Alexia Quadrani; JPMorgan; Analyst
  • Doug Mitchelson; UBS; Analyst
  • Rich Greenfield; BTIG; Analyst
  • Ben Swinburne; Morgan Stanley; Analyst
  • Anthony DiClemente; Nomura; Analyst

MANAGEMENT DISCUSSION SECTION Operator: Welcome to the Time Warner Inc. third-quarter 2015 earnings call.


(Operator Instructions) Please note this conference is being recorded. I will now turn the call over to Michael Kopelman, Senior Vice President, Investor Relations. Mr. Kopelman, you may begin. Michael Kopelman (SVP, IR): Thanks. Good morning, everyone. Welcome to Time Warner's third-quarter earnings conference call. This morning we issued two press releases, one detailing our results for the third quarter and the other reaffirming our 2015 full-year business outlook. Before we begin, there are two items I need to cover. First, we refer to certain non-GAAP financial measures. Schedules setting out reconciliations of these non-GAAP financial measures to the...