Time Warner’s Jeff Bewkes has bid farewell to staff in a video, a day after AT&T completed its $65 billion deal to acquire the media giant that includes Warner Bros, HBO and Turner Broadcasting.
Bewkes, who started his career at Time Warner selling subscriptions to HBO, is exiting his post as chairman and CEO with the…
Time Warner CEO Jeff Bewkes saw his compensation surge to nearly $49 million in 2017, thanks to $32 million worth of stock related to the company’s planned merger with AT&T.
The out-sized grant, which vests over time, is intended to incentivize Bewkes to remain with the company, post-merger (that is, if AT&T wins its…
The judge’s decision can’t come quickly enough.
Time Warner followed AT&T’s lackluster first quarter earnings report yesterday with a mixed-bag announcement of its own this morning. Revenues for the period increased 3% to $8 billion on growth at Turner and HBO, partially offset by a decline at Warner Bros. Operating…
After sitting in Courtroom 18 of the U.S. District Court in Washington for the past month, AT&T exec John Stankey finally had his chance to testify late today about the motivation behind the companies’ $85 billion merger.
“The market we are competing in is for time and attention,” he said under direct questioning from…
Under cross-examination by a Department of Justice attorney, Time Warner CEO Jeff Bewkes hit back at repeated suggestions that the company has been growing its TV ad revenues even before pursuing the AT&T merger.
“What you’re missing is that the competition for advertising isn’t just about television,” he told DOJ…
Testifying today in the trial of the government's lawsuit seeking to block its merger with AT&T, Time Warner CEO Jeff Bewkes painted a grim picture of the threat posed by tech giants, especially Facebook, Google and Amazon.
What Bewkes called "tectonic changes" introduced by the companies, as well as Netflix and…
The long and winding road traveled by Time Warner and AT&T is at an important turn this week as CEOs Jeff Bewkes and Randall Stephenson prepare to testify in the government’s lawsuit seeking to block their merger.
Bewkes will be up first, possibly before the end of this afternoon but more likely Wednesday, according…
Time Warner, whose corporate fate will be known in the coming weeks, reported better-than-expected fourth-quarter earnings due to Justice League box office and continued growth at Turner and HBO.
Total revenue grew 9% from the year-ago quarter to $8.6 billion. Operating income increased 13% to $1.9 billion.
Justice Lea…
In what is likely its last quarter as a stand-alone company before merging with AT&T, Time Warner reported strong results across all of its divisions, especially HBO, Turner and Warner Bros., with operating income up 11% and revenue up 6%.
Chairman and CEO Jeff Bewkes, who has led the company’s evolution into a film…
Time Warner, the empire that was once poised to conquer both Hollywood and the web, is about to fade into a mere corporate subsidiary, reminding industry players yet again that the ground is shifting under them. Jeffrey Bewkes could walk away with a $95 million exit visa when TW is absorbed into the amorphous…
Time Warner seems to be cruising toward its $85 billion sale to AT&T — which it expects to close by year end — based on the better-than-expected results in its Q2 earnings report out this morning. The box office strength of Wonder Woman at Warner Bros, and ratings at CNN, helped to overcome slightly lighter than…
Time Warner execs offered a few newsy tidbits in their quarterly call with analysts this morning: For example, HBO’s working with Lena Dunam on two new projects. Also, Warner Bros is “making good progress” in talks with exhibitors to develop a premium VOD window that would enable home viewers to watch new films.
Time…
