As part of Quixtar Randy Haugen's ongoing Top Business News this morning I'm reporting from Reuters about how Time Warner Inc. posted a 5.2 percent rise in quarterly profit on Wednesday, as subscriber gains in its cable unit made up for slower advertising sales at its AOL Internet division.

"The company also announced a $5 billion stock repurchase program, which disappointed some analysts who had been looking for a buyback of above $10 billion after Time Warner essentially completed a $20 billion buyback."

Revenue rose 6 percent to $11 billion.

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