Responding to renewed pressure from investors to up his company's share price, Time Warner Inc. CEO Jeff Bewkes reportedly told them that a spin-off of HBO would actually harm the company's stock price.
Time Warner Inc. has extend the contract of CEO Jeff Bewkes for three years. But the extension comes amid a New York Post report that an activist shareholder, institutionally run by a disciple of legendary corporate rabble rouser Carl Icahn, is pushing for a sale of the top media conglomerate.
Although its stock price fell 7 percent after the release of its quarterly earnings, media analysts had mainly praise for a series of tough short-term moves announced by Time Warner Inc. to better align its programming in the digital age.
The best corporate marriage in the media business right now would be a merger of CBS Corp. and Time Warner Inc. So says former CBS Corp. and SiriusXM Radio boss Mel Karmazin, who, although retired from the big-media world he helped rule not too long ago, remains vital and very much engaged in the media business.
Highlighting what is fast becoming a vital growth sector for content providers, Time Warner Inc. CEO Jeff Bewkes paid special homage to video-on-demand at a New York speaking engagement.
It's not going to be big enough to worry about. That was the essential message put forth by Time Warner Inc. Chairman and CEO Jeff Bewkes Thursday, while talking about Dish Network's new over-the-top venture at the Sanford Bernstein Strategic Decisions conference in New York
Ultraviolet, the digital rights locker backed by studios such as Warner Bros., NBCUniversal and Sony, ended 2015 with more than 15 million active accounts registered, Time Warner Inc. CEO Jeff Bewkes said Wednesday.
Time Warner Inc. CEO Jeff Bewkes said he isn't worried about Comcast's tests of a subscription that includes HBO and broadband Internet service hurting TNT and TBS, even though the "Internet Plus" package doesn't include any expanded basic networks.
Time Warner Inc. signed CEO Jeff Bewkes to a five-year extension on his employment contract in which his annual salary will remain at $2 million.
Two weeks after Netflix CEO Reed Hastings predicted that Time Warner would develop a standalone broadband version of HBO, CEO Jeff Bewkes said the media giant has no plans to distribute HBO directly to consumers through the Web or mobile applications.