Time Warner Inc Chief Executive Jeff Bewkes opened his remarks during the company's second quarter earnings call on Wednesday vowing he would not discuss Twenty-First Century Fox's stunning turnabout to pull its offer to purchase Time Warner.But Bewkes responded when one analyst sidestepped the request and asked broadly about merger and acquisition opportunities and if there is any pressure to grow the company."I would just encourage everybody to look at all sides of the issue when contemplating the benefits and risks of putting very large companies together," Bewkes said.Indeed, under Bewkes who has steered the media conglomerate since 2008, Time Warner has slimmed down, shedding properties like AOL, Time Warner Cable, and Time Inc and making it an attractive target for acquisitive-hungry rivals.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.32% or $-0.46/share to $144.93. In the past year, the shares have traded as low as $106.01 and as high as $154.12. On average, 1619890 shares of TWC exchange hands on a given day and today's volume is recorded at 718436.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 12.55% or $-10.695/share to $74.50. 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 27232072.
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