05.05.2008 03:26 PM
Time Warner to spin off cable division

Time Warner said last week that it will completely spin off its cable company — Time Warner Cable — essentially shedding the profitable division that has been responsible for much of the company’s recent fortune.

Jeffrey L. Bewkes, who became chief executive in January, succeeding Richard D. Parsons, said the company would become a pure content provider, revolving around two core content businesses: the Warner Brothers movie studio and Turner Networks, which includes the television channels TNT, TBS, HBO and CNN.

Bewkes signaled that Time Warner would compete more directly with the broadcast networks for viewers and advertising dollars. “We believe Turner is now positioned better than ever to challenge the broadcast networks,” he said in a conference call with reporters.

AOL, the Internet division owned by Time Warner, is still a question mark for Bewkes, who has been in discussions about a possible deal to combine it with Yahoo, which itself has been fighting off a bid from Microsoft.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Manor Marketing /   Tuesday 10:32 AM
Cobham takes on American Ninja Warrior
Sue Sillitoe, White Noise PR /   Monday 05:38 AM
DPA Microphones Takes On A Downpour at the 2015 BRIT Awards

 
Featured Articles
Product News
Discover TV Technology