News Summary: Time Warner 4Q earnings up

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Photo -   FILE - In this Tuesday, July 10, 2012 file photo, Time Warner CEO Jeff Bewkes arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. Time Warner reports their fourth quarter 2012 earnings on Wednesday, Feb. 6, 2013. (AP Photo/Paul Sakluma, File)
FILE - In this Tuesday, July 10, 2012 file photo, Time Warner CEO Jeff Bewkes arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. Time Warner reports their fourth quarter 2012 earnings on Wednesday, Feb. 6, 2013. (AP Photo/Paul Sakluma, File)
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THE RESULTS: Time Warner Inc. says net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged.

FACTORS: Rising fees from cable and satellite companies and higher ad revenue at the TV networks offset revenue declines at the movie studio and magazine businesses.

RETURN TO INVESTORS: The company also announced a dividend increase and a new plan to buy back shares. It's raising its quarterly dividend by 11 percent, which Time Warner says marks the fourth consecutive year of dividend increases in the double-digit percentage.

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