|WARNER MEDIA, LLC filed this Form 10-Q on 08/02/2017|
TIME WARNER INC.
MANAGEMENTS DISCUSSION AND ANALYSIS
OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION (Continued)
Business Segment Results
Turner. Revenues and Operating Income of the Turner segment for the three and six months ended June 30, 2017 and 2016 are as follows (millions):
For the three and six months ended June 30, 2017, Subscription revenues increased primarily due to higher domestic subscription revenues of $174 million and $339 million, respectively, reflecting higher contractual rates, partially offset by a decrease in subscribers.
For the three and six months ended June 30, 2017, the decrease in Advertising revenues reflected lower domestic revenues of $94 million and $121 million, respectively, primarily driven by the comparison to the revenues associated with the NCAA Division I Mens Basketball Championship Tournament (the NCAA Tournament) in the prior year period when Turners networks aired the championship and two Final Four games, as well as lower audience delivery at Turners entertainment networks, partially offset by increases at Turners news businesses.
The components of Costs of revenues for the Turner segment are as follows (millions):