Speaking at a conference in New York City yesterday, Time Warner CEO Jeff Bewkes reiterated his support for the Time Inc. magazine division, suggesting that magazines didn’t face the kind of life-or-death challenge facing newspapers. Among his comments was this: “If we can’t take the leading [magazine] titles people have known for decades and make [...]
In an amusing example of mega-conglomerate non-synergy, one Time Warner property (Entertainment Weekly, published by Time Inc.) fronted the star of an upcoming movie by another Time Warner property (studio Warner Bros.) on the cover of its Fall Preview issue , even though the movie’s release had been pushed back from November to next July. The actor involved [...]
Total compensation was comprised of: $1.25 million in salary, a $7 million bonus, $7.33 million in stock awards and $3.9 million in stock options. Outgoing ceo Richard Parsons earned a somewhat less rich total package of $18.6 million. The figures were reported in a proxy filed with the U.S. Securities and Exchange Commision. Bloomberg (Mar. [...]
The move is the latest in the Time Warner unit’s strategy to catch up to Yahoo! and Google in the internet advertising business. Bloomberg (Mar. 3, 2008)
The cryptic quote from Time Warner’s new CEO Jeff Bewkes about the prospects of his company’s publishing business during Wednesday’s conference call is available here. Folio: (Feb. 7, 2008)
Long-term investors who took positions in Time Warner one, two, three, five or seven years have not made money and Wall Street is waiting for new ceo Jeff Bewkes to outline his plans for the company. He has sketched three sources of growth: increasing revenue from digitizing content, expanding internationally, and broadening the company’s content to attract a [...]
While Time Warner recently reported a third-quarter, year-over-year, revenue increase of 9%, Time Inc.’s revenues were flat for the period, and the parts of the magazine company making postive contributions weren’t the printed titles themselves, but rather digital advertising revenues (notably People.com and CNNMoney.com) and Synapse. Plus, as one observer, pointed out, “Bewkes is not [...]