Time Warner – News Stories About Time Warner - Page 5

Nov 7, 2007 4:15 PM CST

AOL to Buy Online Ad Outfit Quigo

It's the last big acquisition in new restructuring plan

(Newser) - AOL will purchase online advertiser Quigo, its final acquisition on a major restructuring agenda. The Time Warner unit has had poor ad growth recently—13% this past quarter, down from 40% percent levels—and is seen as trying to stay competitive with Google and Yahoo. The purchase, reportedly valued at...

AOL Drags Time Warner Income Down 53%

Nov 7, 2007 11:47 AM CST

AOL Drags Time Warner Income Down 53%

Merger continues to be cautionary tale

(Newser) - Time Warner’s net income tumbled to $1.09 billion this quarter, compared to $2.32 billion a year earlier, thanks to a deeply underperforming AOL division, the Wall Street Journal reports. AOL last year dropped Internet-access fees, and with them 38% of its revenue, to focus on advertising. But...

Black Fortune 500 CEOs in Short Supply

Nov 6, 2007 9:03 AM CST

Black Fortune 500 CEOs in Short Supply

Departure of Merrill, Time Warner chiefs knocks total to four

(Newser) - The departure of Dick Parsons from Time Warner and Stan O'Neal from Merrill Lynch has reduced the already sparse population of African-American CEOs running Fortune 500 companies to an extremely paltry four, reports AP. CEOs of any color have a short shelf life, and the small numbers of black chiefs...

Time Warner Names Bewkes New CEO

Nov 5, 2007 3:26 PM CST

Time Warner Names Bewkes New CEO

President of lagging media giant promoted; Parsons still chairman

(Newser) - Time Warner named Jeff Bewkes its new CEO today, effective Jan. 1, reports the Wall Street Journal. Bewkes, currently the president, will take over from outgoing CEO Richard Parsons, who will remain chairman of the struggling media giant. "We have a lot to do, and I'm intensely focused on...

Prince to Resign From Citigroup

Nov 2, 2007 7:36 PM CDT

Prince to Resign From Citigroup

CEO takes 'very unusual move' after bleak third quarter earnings and SEC probe

(Newser) - Growing pressure on Citigroup Inc. is prompting CEO Charles Prince to end his four-year rein this weekend. Bleak third-quarter earnings and an SEC probe of Citigroup's accounts have amped up existing frustration at the financial services company. Prince has "stepped up and done the right thing without forcing the...

Big Ten Network Blocked by Cable Dispute

Nov 1, 2007 1:16 PM CDT

Big Ten Network Blocked by Cable Dispute

65% of TV's in Big Ten states don't get the games, fans enraged

(Newser) - College football fans are angry, ABC News reports. A dispute between the new Big Ten Network -- devoted to the athletic conference -- and cable providers means that 65% of subscribers in the eight states which are home to the Big Ten schools don't get the network, which means missing...

Parsons Set
to Leave
Time Warner

Oct 26, 2007 2:55 PM CDT

Parsons Set to Leave Time Warner

Media giant denies report; current No. 2 likely successor

(Newser) - Time Warner CEO Richard Parsons is about to announce his departure, sources tell the Times of London, and will hand the reins to current second banana Jeff Bewkes. In his 5-year-plus tenure, Parsons held together the media behemoth after the much-ballyhooed AOL merger went south. Bewkes is expected to shake...

Struggling AOL to Take 2,000 Jobs Offline

Oct 15, 2007 1:22 PM CDT

Struggling AOL to Take 2,000 Jobs Offline

Subscriber losses prompt Time Warner to trim workforce 20 percent

(Newser) - Internet icon AOL will pink slip 2,000 workers tomorrow—1,200 from the US—as the once-dominant service provider tries to re-energize its business. In August corporate parent Time-Warner announced that AOL had lost 1.1 million paying subscribers, and reported second-quarter sales of $1.3 billion, a 38%...

AOL Packs for Move to NY

Sep 17, 2007 3:11 PM CDT

AOL Packs for Move to NY

The company employs 4,000 people in northern Virginia

(Newser) - AOL headquarters will move from Dulles, Va., to New York, improving access to the ad industry that's crucial to its evolving business strategy. Execs say AOL's 4,000 employees in the DC suburb won't lose their jobs, but locals are worried. "This is a loss and there is no...

New Line: Lord of the Rings or Last Action Hero?

Aug 11, 2007 12:01 PM CDT

New Line: Lord of the Rings or Last Action Hero?

Studio fires marketing chief, struggles to project identity

(Newser) - The movie business' sepia-haired stepchild New Line Cinema fired its chief marketing officer this week—signaling that execs are blistering for fundamental change. After 40 years, New Line has lost its cutting-edge credibility to the Indies, and is ranked dead last in box-office revenue among the majors, the LA Times ...

Corporate Buyers Muscle In on Private Equity Deals

Jul 31, 2007 6:40 AM CDT

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers...

Dolans Make Third Run At Buying Back Cablevision

May 2, 2007 8:39 AM CDT

Dolans Make Third Run At Buying Back Cablevision

Offer shows confidence in cable future

(Newser) - Cablevision's founding family is close to taking the entertainment giant private, the Journal reports. The Dolans have tried and failed twice since 2005 to strike a deal with the board, but the third time may be the charm. The magic number is $36 a share, up from $30 in an...

Cable Strikes Out With MLB

Mar 22, 2007 11:00 AM CDT

Cable Strikes Out With MLB

A war is brewing over out-of-market games. Will the dispute go into "Extra Innings"?

(Newser) - Cable subscribers looking to catch out-of-market games next year may be stuck in the outfield: Major League Baseball has rejected a deal with cable company In Demand to carry the popular "Extra Innings" series. In Demand, a major cable conglomerate, says it has matched the $700 million, seven-year DirecTV...