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Source: articles.moneycentral.msn.com --- 24 days ago
Time Warner Inc. (NYSE:TWX) today announced that its President & Chief Executive Officer Jeff Bewkes will participate in Goldman Sachs’ Communacopia Conference on Wednesday, September 17, 2008, ... Source: blog.wired.com --- 22 days ago
The Jeff Bewkes happy-talk tour continues. After making the case for optimism to Portfolio's Lloyd Grove on Monday, the Time Warner CEO reiterated at the Goldman Sachs Communcacopia Conference this afternoon. Bewkes talked about the upside of the digital revolution... ... Source: www.webwire.com --- 22 days ago
NEW YORK — Time Warner Inc. (NYSE:TWX) today announced that its President & Chief Executive Officer Jeff Bewkes will participate in Goldman Sachs' Communacopia Conference on Wednesday, September 17, 2... [WebWire - Monday, September 15, 2008] ... Source: feeds.portfolio.com --- 23 days ago
Kevin Maney scratches his head: So this morning I'm reading the comments by Time Warner CEO Jeff Bewkes in an interview with my Portfolio.com colleague, Lloyd Grove. Here on the tech beat, I was particularly interested in what Bewkes had to say about Time Warner's purchase of also-ran social network Bebo for a whopping $850 million early this year. (Bebo, like Jerry Lewis, is big in Europe.) Lloyd asked: And if you had to do it all over again, would you pay $850 million for Bebo? And Bewkes, if you cut out his dissembling, replied: "We don't know. If our plans work out, we did not overpay. But then somebody says it's compared to what you could've paid. If our plans work out less well than we thought, we would have overpaid by a few hundred million dollars." Right. If it works out well, Time Warner didn't overpay. If it doesn't, it overpaid. As in: If the stock I bought goes up, I didn't overpay. If it goes down, I did. Now that's genius. Related Links Jeffrey Bewkes Bewkes: 'Every Option is On the Table' Time Warner CEO Bewkes Eyes Cuts, New Line ... Source: www.topix.com --- 1 day ago
Yahoo CEO and cofounder Jerry Yang is in New York this week trying to complete talks with Time Warner CEO Jeff Bewkes over combining Yahoo and Time Warner's internet operations -- mainly AOL -- according to ... ... Source: articles.moneycentral.msn.com --- 28 days ago
CHICAGO (MarketWatch) -- John Martin, chief financial officer of Time Warner Inc. , said the company doesn't feel that it overpaid for the Bebo social networking site, suggesting that earlier comments by Chief Executive Jeff Bewkes may have been misinterpreted. Martin, speaking at the Merrill Lynch Media Fall Preview, said the $850 million deal was made partially because Time Warner did not believe AOL could effectively create its own social networking portal. He added that the Bebo acquisition is probably "a riskier deal" than the company would normally pursue. ... Source: articles.moneycentral.msn.com --- 15 days ago
Yahoo (YHOO) agreed to a new round of discussions with Time Warner (TWX) the Financial Times reports.Yahoo’s board of directors approved the discussions over the future of Time Warner's AOL unit a move that could restart talks for a combination of the 2 Internet businesses. Talks stalled earlier this year after Yahoo looked for a way to avoid an unsolicited takeover bid from Microsoft (MSFT). However the Financial Times says “active deal negotiations” aren’t underway in the new round of talks. Jeff Bewkes Time Warner’s chief executive said he 뽁䱬쥴 ... Source: www.marketwatch.com --- 23 days ago
Time Warner CEO Jeff Bewkes says about 75% of the media titan's revenue comes from content sales and subscription services that "for decades have not been particularly sensitive" to the kind of economic downturn that now plagues U.S. markets. ...
Source: seekingalpha.com --- 11 days ago
Julia Boorstin submits: We know that Time Warner (TWX) is going to want to sell its AOL internet services division. Just last month TWX's CEO Jeff Bewkes said the company had taken care of the basic logistics to split off AOL's dial up business from the content business, planning to separate the two early next years. John Malone's Liberty Media (LCAPA) is now a lead contender. Late last week Malone said he's talking about swapping his shares in Time Warner for AOL's internet access business. Liberty owns 103 million shares in Time Warner, worth about $1.4 billion based on my last calculation. That's just a bit below what AOL's internet access division is expected to sell for. Complete Story » ... Source: seekingalpha.com --- 22 days ago
Jeff Bercovici submits: The Jeff Bewkes happy-talk tour continues. After making the case for optimism to Portfolio 's Lloyd Grove on Monday, the Time Warner (TWX) CEO reiterated at the Goldman Sachs Communcacopia Conference Wednesday afternoon . Bewkes talked about the upside of the digital revolution for media companies, skirted questions about how Time Warner intends to dispose of AOL, and even had nice words to offer about the magazine business, saying he wouldn't rule out acquiring more titles. "We all know print's got secular issues and [is] a little slow but there are some magazine titles, like People , InStyle and Real Simple , that are growing quite nicely in revenue and profit, some in print." (Bewkes might want to check to see if his facts are up to date: All three of those titles were down in ad pages in the first half of the year, InStyle by nearly 10 percent.) Complete Story » ... Source: www.paidcontent.org --- 16 days ago
So what happened at Carl Icahn's first Yahoo ( NSDQ: YHOO ) board meeting ? Apparently the board authorized talks about a potential combination with AOL ( NYSE: TWX ). FT is reporting that while talks have been authorized, there's nothing actually happening just yet. It's not clear what the shape of a Yahoo-AOL combination would be, if it ever got to that. Back when Yahoo was scrambling for anything other than Microsoft ( NSDQ: MSFT ), in the spring, a variety of potential tie-ups were discussed. Meanwhile, Time Warner CEO Jeff Bewkes recently said that the ultimate fate of AOL would be known "soon," and that a lot of talks remained ongoing. So if Yahoo—whose shares remained mired below $20—calls, he'll surely pick up the phone. Related Good Luck, Carl: Yahoo's New Board To Meet Next Week: Report Communacopia: TWX CEO Bewkes: All The Big Internet Players Still Talking Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download . ...
Source: www.paidcontent.org --- 13 days ago
Talk of a Yahoo-AOL combo has once again heated up , but what becomes of the access business? Its final home could still be Liberty Media ( NSDQ: LINTA ). CEO John Malone told the FT that his company and Time Warner have had "limited talks" to swap the declining (but profitable) dial-up business in exchange for Liberty's stake in Time Warner ( NYSE: TWX ). Of course, as Malone notes: "Time Warner still needs to divide the business." Yeah, the process of splitting access and portal isn't exactly "done" yet . The other party that's clearly interested in AOL access is EarthLink, which has had some success in improving dial-up profits by cutting costs. Liberty, whose decisions are frequently guided by tax issues, has a totally different agenda : It wants to swap its non-cash generating (and declining) shares of Time Warner, to an asset that actually returns it re-investable cash. Of course, it's not clear that Time Warner actually wants to or needs to sell dial-up. As CEO Jeff Bewkes has noted before, whether the company chooses to keep AOL's future cash flows, or sell that off for a lump sum, is mainly about accounting, not strategy. Of course, if they do get rid of the AOL portal (either via Yahoo ( NSDQ: YHOO ) or someone else), ridding themselves of access would finally lay to rest the last ghosts the whole debacle. Related AOL's Dial-Up and Portal Split Done; Cue Up the Candidates Liberty's Malone: Would Consider TW Stock Swap F ... Source: forum.dvdtalk.com --- 20 days ago
This was from IMDB website, Sept 18/08 "Studios can earn far more by selling their films on the Internet and on cable than on DVD, Time Warner chief Jeff Bewkes told a Goldman Sachs investors conference in New York Wednesday. Each electronic sell-through, he observed, produces $13-14 in profits for a studio versus about $10 for a DVD. He also noted that with improved quality of product available online, including high-definition downloads, the competition from camcorded bootleg movies has lessened. Online piracy, he indicated, had "flattened out" over the past 18 months." Is this the direction the studios will go to increase their bottom lines? ... Source: voices.allthingsd.com --- 11 days ago
Time Warner (TWX) CEO Jeff Bewkes says he'll have a decision on the future of AOL "soon". That can't come fast enough for AOL boss Randy Falco, who we're told is now fuming about the limbo state his company has entered: "When is New York going to sell us?" we're told he muttered in earshot of his lieutenants recently. ... Source: www.bloggingstocks.com --- 1 hour ago
Filed under: Forecasts , Industry , Microsoft (MSFT) , Yahoo! (YHOO) , Time Warner (TWX) , Time Warner Cable (TWC) Time Warner (NYSE: TWX ) hit a new 52-week low today at $9.03. Until recently, it has performed better than most of the other media conglomerates, but it now faces two difficult questions. Before current CEO Jeff Bewkes took over, it was assumed that Time Warner Cable (NYSE: TWC ) would be spun out. Bewkes managed to get over $9 billion from the transaction. That may have been priced into the shares when he stepped into the top job. The other major assumption of shareholders was that AOL would be repaired or sold. The internet unit has been divided into two pieces. The ISP operations will probably be sold to another internet service company. The fate of AOL remains unknown. There are rumors that it could be sold to Yahoo! (NASDAQ: YHOO ) or Microsoft (NASDAQ: MSFT ). Because internet display advertising is facing a downturn, sales at AOL will almost certainly suffer in the fourth quarter and into 2009. If Yahoo! is a reasonable proxy, the fact that it has lost half of its market cap this year and has been downgraded by several analysts cannot be good news for AOL. Advertising weakness is bound to catch up to Time Warner's magazine unit. Print advertising may never recover entirely if the newspaper industry is any guide. Analysts have frequently said that the magazine unit should be sold. It is no longer a growth ope ... Source: www.macworld.co.uk --- 1 day ago
Yahoo seeks out AOL merger? Yahoo CEO and cofounder Jerry Yang is in New York this week trying to complete talks with Time Warner CEO Jeff Bewkes over combining Yahoo and Time Warner's internet operations -- mainly AOL -- according to Valleywag sources. ...
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The much-talked-about talks between Yahoo and Time Warner to unload AOL? They're definitely on, says a tipster, who also claims Yahoo CEO Jerry Yang and President Sue Decker are in New York trying to cajole Time Warner CEO Jeff Bewkes into a deal before Yahoo announces third-quarter earnings later this month. Any Manhattan stargazers care to keep an eye out for him ? Update: In the absence of actual news on Yang's New York adventures, Kara Swisher has lots and lots and lots of speculation about who will run a merged AOL-Yahoo. ...
The Vanity Fair 100 list is out, and the usual litany of powerhouses and powerbrokers..the magazine calls is "The Vanity Fair Top 100 Leaders of Information Age", so in that spirit, some new names, including Mark Zuckerberg , CEO of Facebook; Arianna Huffington , founder of HuffPo; Matt Drudge , founder of DrudgeReport; and everyone's favorite reviewer Walt Mossberg . Then the familiar big media names such as Rupert Murdoch, Steve Jobs, Jeff Bezos, Jeff Bewkes, Barry Diller, Peter Chernin, Howard Stringer, Philippe Daumann, and others. Then on the rising stars, the " New Establishment " as it calls them, includes some names which we write about regularly here: Mika Salmi, Quincy Smith, MySpace founders, Max Levchin, the iLike founders, Dmitry Shapiro, founder of Veoh, Evan Williams, founder of Twitter and others… Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download . ...
Remember the whole Microsoft-Yahoo ( NSDQ: YHOO ) courtship and how for a brief period, everyone was talking to everyone else about possible tie-ups and alliances? Everyone's still talking to each other says Time Warner ( NYSE: TWX ) CEO Jeff Bewkes. Speaking at the Goldman Sachs Communacopia conference, Bewkes said it all had to do with the s-word "scale": "Everybody, including AOL is looking hard at what is the optimal scale." Optimal scale, of course, means multiple things, from algorithimic efficiency (such as how well a search ad network can work) to getting the size of management in line with the actual size of the business. A few times during the chat, Bewkes was hesitant to get into specifics (you know, the lawyers), though near the end, when asked about a timeframe for resolving the overall future of AOL, he offered that "That will probably get decided fairly soon .", though he kind of trailed off at the end, perhaps not wishing to say anything so clear. -- Economy and Advertising : Bewkes described the faltering economy as the "biggest strategic question" right now, and he joked that the best course of action for everyone would be to "just stay in this room maybe, and don't go outside." But he tried arguing for Time Warner's relative immunity, noting that it's only 25 percent dependent on ads. For their part, pretty much all ad categories are weak, everywhere. At this point, he said the economy hasn't had much of an eff ...