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Time Warner Beats Q2 Profits, Misses on Revenue

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Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Time Warner earned 98 cents a share on revenue of $6.8 billion last quarter; analysts had expected 84 cents and $6.87 billion. But the real news will come later this morning, when CEO Jeff Bewkes talks to analysts about his plan to increase the company’s value — and, either explicitly or implicitly, defends his decision to reject Fox’s $80 billion offer.

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