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Time Warner CEO says 'strategy is working' after strong quarter
Time Warner CEO says 'strategy is working' after strong quarter

Time Warner Chief Executive Jeff Bewkes said the entertainment giant is not lacking anything and that bigger is not always better. Speaking to Wall Street analysts a day after Rupert Murdoch's 21st Century Fox withdrew its unsolicited and unwelcome $80 billion offer for Time Warner, Bewkes touted the company's strong second quarter performance and stressed that it has no major weaknesses that a big deal could fix. "We have leading scale in all of our businesses," Bewkes said. While he declined to talk specifically about the 21st Century Fox offer, which the Time Warner board rejected, he did tell analysts, "look at all sides of the issue when you are...

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