CNBC's Contributor Carol Roth Sees Great Opportunity In Time Warner After The Stock Declines

CNBC contributor Carol Roth talked to Kelly Evans Tuesday about Twenty-First Century Fox's FOX decision to withdraw the bid for Time Warner TWX and said that she is not buying the story, but she is buying Time Warner stock. She explained that this issue is not going away and that this proves that a lot of parties including the management value the company at a higher level than it is trading today. Given the fact that Time Warner is selling off more than 10 percent in after-hours trading on this news, Carol Roth believes that this creates a great opportunity to buy the stock. Roth added that if Time Warner doesn't take a proactive action to bulk itself up and buy some smaller media companies it will remain very vulnerable to takeovers from companies like Twenty-First Century Fox.