Jeff Bewkes

8 Stories

Time Warner Shareholder: Freeman Must Be Reined In

Actor endangers 'Dark Knight Rises,' rep suggests

(Newser) - Could outspoken Morgan Freeman's politics endanger the success of The Dark Knight Rises? That’s what one Time Warner shareholder warned at the annual shareholders' meeting this week, noting that while Freeman was promoting Dolphin Tale last year, he took the opportunity to call the Tea Party racist during... More »

Time Warner Set to Spin Off AOL by Year's End

Division to go public by year's end

(Newser) - Time Warner plans to to shed its AOL division by the end of the year, the company said today, spinning it off into a publicly traded firm, the Wall Street Journal reports. Many predicted the move when Time Warner tapped Google ad exec Tim Armstrong as AOL’s CEO, and... More »

Warner Bros. Watches Watchmen to Gauge Health

(Newser) - Warner Brothers restructured last year to focus on producing blockbusters like The Dark Knight, and now the studio is waiting to see if the move pays off with Watchmen, the Financial Times reports. Warner can finance a slew of films with profits from one “tent pole” movie. “The... More »

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

(Newser) - Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL and its magazines, rising revenue... More »

HBO Struggles for Post-Sopranos Hits

New management picks a new crop of shows, hoping for a winner

(Newser) - HBO, at 36 years old no longer a bold young upstart of a network, is struggling to come up with hits to match The Sopranos and Sex & The City, the Wall Street Journal reports. Changes in the top ranks have meant shifts in direction: The Texas-set Lily Tomlin drama... More »

AOL Drags Time Warner Income Down 53%

Merger continues to be cautionary tale

(Newser) - Time Warner’s net income tumbled to $1.09 billion this quarter, compared to $2.32 billion a year earlier, thanks to a deeply underperforming AOL division, the Wall Street Journal reports. AOL last year dropped Internet-access fees, and with them 38% of its revenue, to focus on advertising. But... More »

Time Warner Names Bewkes New CEO

President of lagging media giant promoted; Parsons still chairman

(Newser) - Time Warner named Jeff Bewkes its new CEO today, effective Jan. 1, reports the Wall Street Journal. Bewkes, currently the president, will take over from outgoing CEO Richard Parsons, who will remain chairman of the struggling media giant. "We have a lot to do, and I'm intensely focused on... More »

Parsons Set to Leave Time Warner

Media giant denies report; current No. 2 likely successor

(Newser) - Time Warner CEO Richard Parsons is about to announce his departure, sources tell the Times of London, and will hand the reins to current second banana Jeff Bewkes. In his 5-year-plus tenure, Parsons held together the media behemoth after the much-ballyhooed AOL merger went south. Bewkes is expected to shake... More »

8 Stories