The Time Warner/Fox deal points to one specific thing - the value of content in media, says Tim Armstrong, AOL chairman & CEO.

Matt Shilling has revised his full-year revenue estimates for six big names due in large part to reductions in ad commitments by companies such as General Motors and Procter & Gamble.

Twenty-First Century Fox's Rupert Murdoch is determined to buy Time Warner Inc after the media conglomerate rejected an $80 billion buyout offer from Twenty-First Century Fox Inc, the New York Times reported.

Despite a decline in net income the media giant helped salvage its quarterly report by announcing improved revenue and affirming its 2014 guidance, but is this enough to reassure investors and boost the share price?