Time Warner Beats Q2 Profits, Misses on Revenue

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.

This article originally appeared on Recode.net.

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