Time Warner Comments On Fox's Withdrawal Of Its Unsolicited Proposal

(RTTNews) - Commenting on the announcement by 21st Century Fox, Inc. (FOXA, FOX) that it has withdrawn its proposal to acquire all of the outstanding shares of Time Warner Inc. (TWX), Time Warner said, "Time Warner's Board and management team are committed to enhancing long-term value and we look forward to continuing to deliver substantial and sustainable returns for all stockholders. Time Warner is well positioned for success with our iconic assets, including the world's leading premium television brand, the world's strongest ad-supported cable network group, and the world's largest film and television studio. We thank our stockholders for their continued support."