21st Century Fox posted a robust $1.1B profit for the June ended quarter, a recovery from the $308M year ago loss. Revenues rose 17 percent to $8.4B.

CEO Rupert Murdoch credited sold sales gains in its cable operation and filmed entertainment group, powered by the success of "X-Men: Days for Future Past," "Rio 2" and new season of "24."

21st Century closed out fiscal 2014 with $31.9B in revenues and $4.6B net profit.

During the earnings conference calls, Murdoch said withdrawing the Time Warner bid was a "resolute decision." 

While not ruling out future acquisitions, Murdoch said, "We built ourselves. You look at all our best businesses, we started them ourselves."

TW Q2 net rose 10.3 percent to $850M and revenue ticked up 2.7 percent to $6.9B.

CEO Jeff Bewkes said "great storytelling" was the reason for the upbeat performance as evidenced by hits such as "Game of Thrones," "Silicon Valley and "True Detective."

HBO's "Thrones," which rapped up its fourth season in June, averaged 19M viewers to surpass the most watched seasons of "The Sopranos" in 2012,

Bewkes sees a future brightened by completion of the Time Inc. spin-off to provide TW "even more operational focus."