Time Warner is making the case that it doesn’t need 21st Century Fox (FOX)  and isn’t worried much about declining TV advertising. That’s because the owner of HBO, TBS and CNN is getting higher and higher fees from cable- and satellite-TV providers both in the U.S. and internationally.
Shares of Time Warner were climbing 3.4% to $77.53 on Wednesday, extending its 2014 gain to 11.2% compared to a 9.3% advance for the S&P 500.
Watch the video below for a look at Time Warner’s latest quarterly results:
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