The New York-based media company, which is set to become part of AT&T Inc in an $85.4 billion deal, reported an 11.5-percent rise in quarterly revenue and said the merger remained on track to close later this year. U.S. President Donald Trump opposed AT&T's bid for Time Warner during his election campaign. AT&T, which has also said it expects the deal to be approved, is looking to boost its media offerings such as 'over-the-top services' that are independent of any cable TV subscription, such as DirecTV Now.