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November 7, 2007 | From Times Wire Services
Jeffrey Bewkes, the incoming chief executive of Time Warner Inc., named John K. Martin to be chief financial officer. Both begin their new jobs Jan. 1. Martin had most recently been chief financial officer of Time Warner Cable, one of the largest business units of Time Warner and the second-largest cable company in the country, behind Comcast Corp. Martin, 40, succeeds Wayne Pace, 61, who is retiring.
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BUSINESS
November 7, 2007 | From Times Wire Services
Jeffrey Bewkes, the incoming chief executive of Time Warner Inc., named John K. Martin to be chief financial officer. Both begin their new jobs Jan. 1. Martin had most recently been chief financial officer of Time Warner Cable, one of the largest business units of Time Warner and the second-largest cable company in the country, behind Comcast Corp. Martin, 40, succeeds Wayne Pace, 61, who is retiring.
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BUSINESS
April 3, 2012 | By Ben Fritz and Meg James, Los Angeles Times
Time Warner Inc. Chief Executive Jeff Bewkes is indisputably among the nation's highest-paid executives, but compared with his fellow media moguls, he is eking out a meager living. The New York media conglomerate that owns Warner Bros., HBO, TNT and Time magazine revealed Monday that Bewkes' 2011 compensation package was worth $25.9 million, down 1% from 2010. David Zaslav, CEO of Discovery Communications Inc., meanwhile, got a 23% raise in 2011 to $52.4 million. Other recent filings with the Securities and Exchange Commission revealed that, although there was some disparity, media chiefs again were richly rewarded.
BUSINESS
November 5, 2009 | Ben Fritz
When it comes to talking smack about the movie business, just leave Warner Bros. out of it. That's the word from Time Warner Chief Executive Jeff Bewkes. On a conference call with analysts Wednesday, Bewkes said Warner Bros. was marching toward its most profitable year ever. There's a "perception that film is inherently a low-return or volatile business," Bewkes said, referring to widespread negativity about the movie industry this year amid wrenching changes in consumers' viewing habits and a rash of cost-cutting.
BUSINESS
July 30, 2009 | Ben Fritz
A strong "Hangover" wasn't enough to keep Time Warner from becoming the latest media conglomerate to get hit by the soft advertising and DVD markets. The parent company of Warner Bros. reported a 34% decline in net income to $519 million and a 9% drop in revenue to $6.8 billion for the second quarter. Results were dragged down by troubled online division AOL, which will be spun off into an independent company later this year, and magazine group Time Inc.
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