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Wednesday, August 6, 2014

"Game of Thrones," other HBO shows boost Time Warner results, (NASDAQ: FOXA), (NYSE: TWX)

Time Warner Inc reported a 3 percent jump in quarterly revenue, helped by the popularity of "Game of Thrones" and other shows on its HBO network.Time Warner shares were down 13 percent before the bell on Wednesday, a day after Rupert Murdoch's Twenty-First Century Fox abandoned an $80 billion bid for the company.Revenue from Time Warner's Home Box Office (HBO) unit rose 17 percent to $1.42 billion for the second quarter.The company said the fourth season of "Game of Thrones," which ended in June, was the most watched season of an original series in HBO's history. The Emmy award-winning fantasy epic had an average gross audience of 19 million viewers.

Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA remained unchanged at $31.30. In the past year, the shares have traded as low as $30.67 and as high as $36.43. On average, 14931000 shares of FOXA exchange hands on a given day and today's volume is recorded at 360207.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX remained unchanged at $85.19. In the past year, the shares have traded as low as $57.59 and as high as $88.13. On average, 7498080 shares of TWX exchange hands on a given day and today's volume is recorded at 1091370.



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