RBC's Bank Discusses News Corp., Time Warner Results

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Aug. 5 (Bloomberg) -- David Bank, an analyst at RBC Capital Markets in New York, talks with Bloomberg's Rishaad Salamat about Time Warner Inc.'s and News Corp.'s financial results. News Corp., the owner of Fox News, reported a fourth-quarter profit of $875 million following a year-ago loss when the company wrote down the value of its Internet unit. Time Warner, owner of the TNT television channel and Time Inc., reported second-quarter profit that beat analysts’ estimates after cable-television and magazine advertising increased. (Source: Bloomberg)

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