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NEW YORK ( TheStreet) -- Time Warner (NYSE: TWX) hit a new 52-week high Friday as it is currently trading at $63.97, above its previous 52-week high of $63.54 with 1.8 million shares traded as of 12:11 p.m. ET. Average volume has been 4.6 million shares over the past 30 days. Time Warner has a market cap of $58.04 billion and is part of the services sector and media industry. Shares are up 30.2% year to date as of the close of trading on Thursday. Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc.