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Time Warner Warns That Ad Sales Are Softening, But That Could Be Temporary
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…
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Time Warner Beats Q1 Earnings Estimates Helped By ‘Kong’, But Ad Sales Fall
Time Warner’s Q1 financial report shows it beat most analyst estimates in all areas, except for one that may dominate discussion: Turner’s TV network ad sales fell 2% due to ratings declines and “lower domestic subscribers.”
Investors will probably want to hear more about that after several cable and satellite…
Time Warner’s Jeff Bewkes Made $32.6M In 2016, Up 3.6%
Every Time Warner executive named in its 2016 proxy, out today, saw a big, double-digit raise in their compensation last year with one exception: CEO Jeff Bewkes. He was only up 3.6%, but to a still-humongous $32.6 million.
The board gave him credit for everything from arranging the $85 billion sale of Time Warner to…
Jeff Bewkes Defends Professional Programmers Vs. Data-Driven TV
Time Warner CEO Jeff Bewkes likes to be on the cutting edge in technology, and especially ad services. But he remains old-fashioned when it comes to programming, he said today at the Deutsche Bank Media & Telecom Conference.
In contrast to Netflix and other digital services that pick shows based on audience data, at…
Time Warner Shareholders Approve Sale To AT&T
Time Warner just passed one more milestone in its effort to sell itself to AT&T for $85 billion in cash and stock. Holders of 78.8% of its outstanding shares — and 99% of those who voted — have endorsed the deal, according to the preliminary tally from a brief shareholder meeting today in Atlanta. Some 64.3% of the…
Warner Bros Chief: Studio “Aggressively” Working On Premium VOD Deals
Warner Bros is “making a lot of progress” and “aggressively working with exhibitors” in its effort to create a premium VOD window — to offer new movies to home viewers during the 90-day period when theaters typically want exclusivity — studio chief Kevin Tsujihara told analysts this morning.
“The middle market in the…
Time Warner Tops Q4 Earnings Expectations Helped By ‘Fantastic Beasts’
Time Warner investors mostly want to know that its $85 billion sale to AT&T is on track. But in the meantime, they’ll likely be reassured to know that the company is performing at least as well as expected — and, in Q4, a bit better.
The entertainment giant this morning reported $293 million in net income in the…
AT&T & Time Warner CEOs Parry Charges That Merger Would Hurt Consumers
Critics of AT&T’s $85 billion plan to buy Time Warner put the companies’ CEOs on the defensive this morning in a Senate Judiciary Subcommittee on Antitrust, Competition Policy & Consumer Rights hearing that explored whether the deal would help or hurt consumers.
Challengers including Sen. Al Franken (D-MN) said the…
Time Warner Will Increase HBO’s Budget As Competition Grows, CEO Says
Time Warner plans to boost HBO’s programming budget, just as rivals including Netflix are doing, CEO Jeff Bewkes told an investor gathering today.
“We have a pretty hefty budget, a couple of billion dollars,” he told the UBS Global Media and Communications Conference. “We're not spending our programming money on…
DC Comics-Related Movies Will Run On TBS And TNT, Time Warner CEO Says
Time Warner CEO Jeff Bewkes had an update this morning for fans of DC Comics, and corporate synergy, in his quarterly call with Wall Street analysts. He talked up the prospects for the comics franchise, noting that DC Comics-related theatrical movies will join Star Wars as part of the effort to refresh TBS and <a href="https://deadline.com/tag/tnt/" id="auto-tag_tnt"…
Time Warner Execs Cheer AT&T Deal, But Don’t Know Whether The FCC Will Review
Time Warner execs talked up their $85 billion sale agreement with AT&T in their quarterly conference call with Wall Street analysts. But they seemed unable to reassure investors about one of their biggest concerns: whether the deal offering $107.50 a share will pass muster with government regulators.
Time Warner doesn…
CNN And ‘Sully’ Help Time Warner Beat Q3 Earnings Expectations
Time Warner’s business operations didn’t seem to suffer in Q3 while its leaders negotiated sale terms to AT&T. The company’s just-released earnings for the quarter topped Wall Street’s expectations — leading the company to raise its outlook for the full-year numbers, and sending shares up more than 2.4% in pre-market…
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