Topic: Jeff Bewkes
Time Warner expects higher than predicted earnings for 2013 and has delayed the separation of its magazine division. This delay will give the new spinoff time to refine its strategy, said Chief Executive Jeff Bewkes.
Spinning off its magazine company into a separate entity will give Time Warner freedom to focus on TV and movies, explained the company's CEO in a statement released Wednesday. Shareholders have urged the move as increasing internet advertising challenged the magazine business in recent years.
Netflix stock is skyrocketing – leaving behind the stocks of Time Warner and other producers of the content that Netflix distributes.
12/14/2010 03:20 pm