Continued rumors about a sale of
Time Warner or spinoff of HBO drove shares in the media giant up more than 2% Tuesday afternoon, though a couple of those reported to be eyeing deals denied involvement.
Time Warner CEO
Jeff Bewkes reportedly held a series of closed-door meetings Monday with investors, telling them that he opposed either a spinoff or sale of HBO but implying that he might consider a sale of the whole company, the
New York Post reported.