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Seeking Alpha (Free subscription) | 07/06/2008
Barron's author Dimitra Defotis calls Time Warner (TWX) stunningly cheap . Here's why: New CEO Jeffrey Bewkes is likely to separate, spin off, or sell the subscription arm of AOL - its weakest link - which will expose the strength of its digital ad platform, recently bolstered by AOL's $850M purchase of UK social-networking site Bebo. Despite its problems, AOL boasts 35% margins. Complete...
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MSDN Blogs (Free subscription) | 07/05/2008
Betting on a Happy Ending By Dimitra DeFotis 7 July 2008 When Time Warner CEO Jeffrey Bewkes took the reins of the media giant from Richard Parsons in January, Wall Street was crying for change. Six months later, Bewkes, 56, has delivered, announcing the spinoff of the company's 84% stake in Time Warner Cable in a deal that will net Time Warner more than $9.25 billion in a cash...
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LIBERTAS (Free subscription) | 06/11/2008
... They can’t all be good enough or marketed well enough to drive good returns.” Time Warner chief Jeffrey Bewkes claims his film slate will be cut by half within the next year or two. A major reason Paramount moves its Vintage label in house was to cut back its slate. Although other newer players are ramping up their production. With the economy stagnating, households facing $4+ gas...
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Reuters UK (Free subscription) | 05/30/2008
NEW YORK (Reuters) - Time Warner Inc Chief Executive Jeffrey Bewkes said on Friday that some analyst views of its growth prospects once it separates from its cable operating business are too low.
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San Diego Union (Free subscription) | 05/29/2008
... a Web site for posting upcoming concerts, festivals or other events. They included Time Warner CEO Jeffrey Bewkes, Amazon.com's Jeffrey Bezos and Verizon CEO Lowell McAdam. “If it was in New York or London, it might be hard to justify from a business perspective,” Glazier said. “But since it's right here in our backyard, what a great opportunity to hear the insights of global...
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The Earth Times Online Newspaper (Free subscription) | 05/21/2008
... flexibility, something we believe is of growing importance," Time Warner Inc Chief Executive Jeffrey Bewkes told analysts on a conference call.Investors will be eager to hear how Time Warner plans to invest the payout for the media company.In response to a question on whether Time Warner could now consider buying cable networks, Bewkes told analysts "That's a good area for...
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The Register (Free subscription) | 05/21/2008
... is the right step for Time Warner and Time Warner Cable stockholders," said newly-installed CEO Jeffrey Bewkes in a statement. “We're bullish on Time Warner Cable's prospects, but its strategic goals and capital needs are increasingly different from those of our other businesses."Time Warner’s amputation of its US cable arm follows intense pressure on Bewkes from investors...
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International Herald Tribune (Free subscription) | 05/21/2008
By disposing of the cable division stake, the Time Warner chief executive, Jeffrey Bewkes, is responding to pressure from investors to focus on the company's entertainment businesses and a turnaround at the AOL Internet unit. Bewkes took over Time Warner on Jan. 1 from Richard Parsons, who fended off pressure from the shareholder activist Carl Icahn to break up the company in 2006....
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The Earth Times Online Newspaper (Free subscription) | 05/21/2008
... and operational flexibility and will be better positioned to compete," Time Warner Chief Executive Jeffrey Bewkes said in a statement.Investors will be eager to hear how Time Warner plans to invest the payout for the media company.Time Warner Cable will also be free to pursue deals and investments using its stock. Time Warner and its cable division have long believed the capital structure...
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p2pnet (Free subscription) | 05/21/2008
... step for Time Warner and Time Warner Cable stockholders,” Bloomberg News has Time Warner boss Jeffrey Bewkes saying, going on: “We’re bullish on Time Warner Cable’s prospects, but its strategic goals and capital needs are increasingly different from those of our other businesses.” By disposing of the 84 percent stake in Time Warner Cable, “Bewkes is responding to pressure from...
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The Earth Times Online Newspaper (Free subscription) | 05/21/2008
... in its cable arm.The separation is likely to be seen as the first big move by new Chief Executive Jeffrey Bewkes, who succeeded Richard Parsons and is expected in the next year to become chairman as well.Time Warner will slash its $34.6 billion debt load, which includes cable debt, by two-thirds, the paper said, adding that the company has net debt of $13 billion and will borrow to...
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Know More Media (Free subscription) | 05/19/2008
At Time Warner's (NYSE: TWX ) annual shareholder meeting in Atlanta, Chairman Richard Parsons hinted he'll probably be stepping down from his position by the end of 2008. That would make the decision of current CEO Jeffrey Bewkes much easier in whether to stay with Time Warner or not. In his contract when signing on with Time Warner, Bewkes has a clause which allows him to retire...
