Time Warner, the media giant behind HBO, CNN, the Warner Bros. film studios and various other media brands, reported its quarterly results this morning, and they looked pretty good. In fact, Bernstein Research analyst Todd Juenger told clients in a note that the result was “The textbook definition of a solid report.” Every division reported stronger-than-expected revenue and operating income, and the company raised its profit forecast for 2014.

The premium cable channel HBO is the crown jewel in the media conglomerate’s portfolio, and is going to play an increasingly prominent role in its strategy going forward. Last month Time Warner outlined plans to finally start selling subscribers its HBO Go streaming service on a standalone basis, without a cable subscription (a plan that has been described as “HBO Go It Alone”).  Details about pricing and how the service will actually work remain to be seen. But on the company’s earnings call, HBO CEO Richard Plepler shed some further light on his strategy to target the “70 million homes that do not get HBO.”

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