November 21, 1997 |
Time Warner Inc. said it will buy back as many as 20 million shares, adding to its program to offset the shares issued for the exercising of stock options. The company said in April it would buy back 15 million shares; about 14 million have been bought at an average price of $42 each. The company had about 573 million shares outstanding at the end of the third quarter. Time Warner is expected to launch a larger buyback if its recovery continues into 1988, analysts said.
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.
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.
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.
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.
December 16, 2013 |
After the coffee. Before arranging to have Aloe Blaac's "The Man" played every time I enter the office. The Skinny: Yes, my beloved Redskins lost again, but at least we went down fighting. Now about that "Homeland" season finale: Well, if you can't say anything nice... I don't want to spoil it for anyone but a Twitter pal noted that the climatic moment looked like it was right out of the camp classic "Zorro: The Gay Blade. " Monday's roundup includes the box office recap and a look at the holiday box office overall.