Conversely, Time Warner Cable investors would like to see pay-TV providers having some success in pushing back against the likes of a CBS. The failure to do so could accelerate consolidation among pay-TV companies. Time Warner Cable reports its second-quarter earnings on Thursday before the start of regular trading. Moonves took a stab at Aereo, the upstart online company that is streaming over-the-air network television, calling the service "illegal." "We don't think it is catching on at all," he said. Written by Leon Lazaroff in New York >To contact the writer of this article, click here: LeonLazaroff.>.