March 6, 2013 |
There's no more Time Inc. at Time Warner. Time Warner said it is spinning off its Time Inc. magazine unit -- home to such titles as Time, People, Sports Illustrated and Fortune -- into a separate, publicly traded company. The move comes after talks to merge Time Inc. with Meredith Corp., another magazine publisher, collapsed. “After a thorough review of options, we believe that a separation will better position both Time Warner and Time Inc.," said Time Warner Chief Executive Jeff Bewkes, who added that the move will allow the company to "focus entirely on our television networks and film and TV production businesses" and give Time Inc. "the flexibility and focus of being a stand-alone public company.
April 17, 2011 |
Question: Can I expect my shares of Time Warner Inc. to continue to gain in value? Answer: Long-term success for this media and entertainment company is likely to depend on original thinking in adapting to a changing media landscape. Time Warner owns cable TV channels HBO, CNN, TNT and TBS; movie studio Warner Bros.; and such magazines as People, Time and Sports Illustrated. It generates nearly one-third of its sales outside the U.S. The company's bottom line is likely to get a boost this year from film sequels "Harry Potter and the Deathly Hallows: Part 2," "The Hangover: Part II" and "Happy Feet 2. " On the smaller screen, TBS has a late-night hit on its hands with "Conan," but HBO has yet to equal past blockbusters "The Sopranos" and "Sex and the City.
July 17, 2013 |
Time Warner Inc. is overhauling the leadership at its Turner Broadcasting unit. Phil Kent, the longtime chief executive officer of Turner Broadcasting will give up that title in 2014, and John Martin, currently chief financial officer of Time Warner, will take over. Kent will stay on as chairman until his contract is up at the end of next year. There had been rumblings for several months that the move was in the works, but Time Warner had repeatedly denied that was the case. PHOTOS: Celebrities by The Times The low-key Kent has spent more than 20 years at Turner, and it was no secret that he was likely to leave when his current deal ended.
February 5, 2014 |
There's been no Netflix effect on HBO. Time Warner Chief Executive Jeff Bewkes, who used to mock Netflix as the "Albanian army" coming to take over the world, said its success doesn't hurt HBO either in terms of revenue or eyeballs. Talking to investors and analysts about its fourth-quarter and year-end earnings, Bewkes noted that HBO and its sister channel Cinemax added 2 million subscribers last year. Overall HBO is in 130 million homes around the globe compared to 44 million for Netflix.
April 21, 1990
Some companies keep their eyes on the bottom line and their ears to the ground. Time Warner Inc. has placed theirs on the company's new corporate logo, designed by New York's Chermayeff & Geismar Associates. Ivan Chermayeff said the logo defines the company. "We simply asked ourselves, what is the business of Time Warner," Chermayeff said. "At its elemental level, Time Warner's products appeal to the eye and the ear."
July 30, 2009 |
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.