The following Time Warner ( - ) 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.
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(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...