Time Warner Buys 10% Stake in Hulu as Cable TV Drives Profit

Updated on
  • Media company said to have paid $583 million for stake
  • HBO, Turner sales gains help Time Warner top profit estimates

Time Warner Invests $583 Million in 10% Hulu Stake

Time Warner Inc. acquired a 10 percent stake in Hulu LLC, casting an eye to the future of TV even as its second-quarter results proved there’s still plenty of life in the traditional cable model.

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