Continued from page 1

In fiscal 2011, the studio accounted for $12.6 billion in revenue, about 43 percent of the entire company’s revenue, and $1.3 billion in operating profit, about 22 percent of the total.

Time Warner shares fell 31 cents to close at $50.09 on Monday in a mixed overall market. Time Warner shares have traded in a 52-week range of $33.62 to $51.29.