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10-Q Watch: TWX: Time Inc. Online; AOL Network Declines

A few deeper details on Time Warner’s (NYSE: TWX) latest quarter can be found in the 10-Q the company has just filed with the SEC:

Time Inc.: In the press release, the company didn’t break out digital revenue for the unit. In the filing it says online contributed 9 percent of the $2.221 billion in revenue, or $199 million for the quarter

AOL: Display advertising on AOL network sites fell 14 percent year over year to $191 million. That was mitigated by 10 percent growth in paid-search revenue. Total revenue for AOL’s O&O network fell 4 percent to $363 million. Third party revenue was up 15 percent to $167 million, but that is a lower margin business. The numbers and explanation are similar to what it said last quarter: integration challenges, lower-priced inventory and general pricing declines. The company says it expects AOL ad revenue to grow through the remainder of 2008, but doesn’t offer any more specifics. Although the company says the separation is on track, the filing doesn’t divide op income between the advertising and subscription businesses.