WHAT: Time Warner Inc.'s second-quarter earnings jumped 7 percent to $562 million.
HOW: A 14 percent rise in advertising revenue at the company's cable channels, which include CNN, TBS, the Cartoon Network. A stronger slate of movies from the Warner Bros. film studio also helped drive results.
WHY IT MATTERS: Rising ad revenue at Time Warner, along with CBS Corp. and other big media companies, offers evidence that businesses have started spending again to reach customers after cutting back during the recession.
Source: AP News