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AOL Time Warner Posts Quarterly Profit.

By Caroline Wilbert, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News

Apr. 24--AOL Time Warner reported a profit in the first quarter, offering a glimmer of good news after a year of punishing losses.

The company, buoyed by strong results from its film and cable networks divisions, beat earnings estimates and reported lower-than-expected debt.

Still, the media conglomerate, which owns Atlanta-based Turner Broadcasting System, faces a range of challenges. They include a federal investigation into accounting practices, declin

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