Time Warner's cable TV arm is performing well
Time Warner has seen its second-quarter profit jump by 87%, helped by a strong performance at its film and TV arms.
The US giant is the owner of famous brands such as TV networks HBO and CNN and movie company Warner Brothers.
Releases such as The Great Gatsby and Man of Steel boosted revenue in the film unit and basketball games drove up cable TV advertising by 11%.
Quarterly profits were $711m (£460m), up from $413m a year ago. The firm also lifted its full-year profit outlook.
Meanwhile, revenue rose by some 10% to $7.44bn from $6.74bn, ahead of analysts forecasts of $7.11bn.
Chairman and chief Jeff Bewkes said investment in quality programming had helped to draw in viewers and advertisers.
HBO viewership remained strong, helped by its popular Game of Thrones series, Mr Bewkes added.
Earlier this week Time Warner offered to allow its cable customers to pay for CBS as a stand-alone channel in a bid to end a row over fees for the service.
CBS said the proposal was "a sham".
Time Warner Cable has blacked out CBS signals to subscribers in major US cities since Friday, saying the network had made "outrageous" fee demands.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23604203#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
