Time Warner Inc reported a 3 percent jump in quarterly revenue, helped by gains from premium TV service Home Box Office (HBO). Net income from continuing operations attributable to Time Warner common shareholders rose to $843 million, or 94 cents per share, for the second quarter ended June 30, from $698 million, or 73 cents per share, a year earlier.Revenue increased to $6.79 billion from $7.44 billion.Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to purchase Time Warner on Tuesday, abandoning plans to create one of the world's largest media conglomerates. (Reporting By Aurindom Mukherjee and Lehar Maan in Bangalore; Editing by Joyjeet Das)
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 fell by 0.7% or $-0.22/share to $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 26355944.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.4% or $-0.34/share to $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 12171393.
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