(Aug 6, 2014) Time Warner’s second-quarter profit rose to $850 million as the company reported gains at HBO and Turner, with total revenues increasing by 3 percent to $6.8 billion.
The results come a day after 21st Century Fox announced it was abandoning its bid to acquire the conglomerate. In announcing the results, Time Warner’s chairman and CEO, Jeff Bewkes, noted, “We had another strong quarter, reflecting the strength of our businesses and our potential for continued growth as we deliver on our strategic plan to be the world’s leading video content company.”
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