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.
CALIFORNIA | LOCAL
June 4, 1999 |
At a dinner Saturday at the Universal Sheraton, the San Fernando Valley Industry and Commerce Assn. will celebrate its 50th anniversary and bestow its corporate award for excellence on Time Warner Communications. VICA's Robert E. Gibson Award will be presented to Time Warner at the event, which is expected to draw 500 business people from around the Valley.
April 26, 1995 |
Time Warner Inc. has taken a 10% stake in Interactive Digital Solutions, a joint venture between Silicon Graphics Inc. and AT&T Network Systems that provides multimedia software, the companies said Tuesday. Under the agreement, Time Warner's entertainment subsidiary will contribute rights to the software used in its Orlando, Fla.
April 18, 1992 |
The media-entertainment giant Time Warner Inc. said Friday that it plans to arrange a private placement of $1 billion in long-term debt with institutional investors. The company said it planned to use proceeds from the placement for reducing its commercial bank debt and said the move would strengthen its balance sheet. Its bank debt accounts for most of its $8.7 billion in long-term debt.
July 1, 2004 |
Time Warner Inc. has come up with a preliminary bid for Metro-Goldwyn-Mayer Inc., though it has yet to finalize either the price or other key details, people familiar with the negotiations between the two said late Wednesday. MGM sources have in the past said that they believe buyers would pay $5 billion for the legendary Los Angeles studio. But Time Warner executives, including Chairman Richard Parsons, have privately made it clear that they think that would be a very rich price.
December 22, 2005 |
Jeff Bewkes, who oversees Time Warner Inc.'s vast entertainment empire, was named president and chief operating officer Wednesday, firmly establishing him as next in line to run the world's largest media company. Bewkes, 53, had been considered by Wall Street to be the front-runner to succeed Chief Executive Richard Parsons even while sharing chief operating duties with Don Logan, the 61-year-old head of the company's cable, publishing and Internet divisions.
CALIFORNIA | LOCAL
July 8, 1998 |
The City Council has decided to sell off surplus city vehicles, place a soda vending machine in a local park and extend its contract with cable television provider Time Warner for three months. The council met in private sessions recently to negotiate a new agreement with Time Warner, but a number of points--including how long the cable provider's new contract should last--have caused delays, said Councilwoman Joanne Baltierrez.
May 4, 1995 |
While Time Warner Inc.'s individual businesses are profitable and reported record post-merger profits in the latest quarter, the company has racked up losses in the last three years because of the high cost of servicing its $15-billion debt. To reduce that expense, the company is trying to shed some assets, such as its stake in Turner Broadcasting. Wall Street is dubious about investments in cable at a time of regulatory uncertainty and a possible challenge from telephone companies.
July 22, 2013 |
Time Warner has tapped Howard Averill to be its chief financial officer after John Martin transitions from that role to chief executive of Turner Broadcasting next year. Averill is chief financial officer of Time Inc., the publishing unit that houses Time, Sports Illustrated and several other magazines that Time Warner is spinning off into a stand-alone public company later this year. Time Warner also said Joseph Ripp, a former chief financial officer of Time Inc., is returning to be its chief executive.
March 7, 2013 |
After the coffee. Before asking why I can't go to South by Southwest. The Skinny: I need to catch up on FX's "The Americans. " I'm two episodes behind and if I fall one more behind I may throw in the towel. Thursday's headlines include Time Warner's decision that Time is not on its side and a preview of the South by Southwest festival. Daily Dose: The other day the New York Post reported that NBC would like Howard Stern to replace Jimmy Fallon in late night if Fallon replaces Jay Leno.