Time Warner Earnings, Revenues Rise in Strong Second Quarter

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By: Jordan Zakarin | The Wrap

The still-independent media giant reported $850 million in earnings and a 29 percent increase in earnings per share.

A day after Rupert Murdoch withdrew his $80 billion offer to buy Time Warner, Jeff Bewkes’ company reported strong second quarter earnings, including a 3 percent raise in revenue to $6.8 billion and a 17 percent jump in adjusted operating income to $1.6 billion.

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