Time Warner posts a fourth quarter loss
Time Warner has come out with their latest revenue report and the company has posted a loss of $16.03 billion, or $4.47 per share in the quarter ending in December last year.
This is a terrible performance compared to a profit of $1.03 billion, or 28 cents per [...]
Warner Bros. Entertainment to cut 800 jobs
Warner Bros. Entertainment has announced their plans to cut around 800 jobs in their operations.
The Time Warner owned company would now hire contractors to run parts of its systems in the USA.
The company employees around 8000 workers and they are now asking their departments to find ways to [...]
Time Warner Cable reaches an agreement with Viacom
Time Warner Cable and Viacom have announced that they have reached an agreement to enable Time Warner to continue beam MTV, Nickelodeon and Comedy Central channels on their network.
The two media companies did not provide the terms of their deal which is basically an in-principle distribution agreement.
Viacom had [...]
Jeffrey Bewkes is the new chairman of Time Warner
US based media giant Time Warner has named Jeffrey Bewkes as their new chairman.
Jeffrey Bewkes is also the CEO of the company currently.
He would be taking this charge from current Chairman Richard Parsons.
Parsons would leave his position in Time Warner at the end of the year.
Time [...]
Time could announce job cuts
Time Warner owned media network Time Inc. could soon announce their restructuring plan that could result in job cuts.
The company could remove as many as 600 positions in the company. This comes to around 10% of their total workforce.
Time Inc Chairman and Chief Executive Ann Moore wrote in a memo to [...]
Yahoo could be close to acquiring AOL assets
Yahoo might have just managed to escape getting acquired by Microsoft. Market sources are now hinting that the company is now nearing a deal with Time Warner to acquire content assets of AOL.
Yahoo spokesman Brad Williams however declined to comment on the reports: “It’s rumors and speculation, which [...]
Yahoo could re-open discussions with AOL
The new board members at Yahoo have now given their approval to fresh talks with Time Warner.
The two companies were in talks about the future of AOL earlier this year.
No active discussions are on at the moment. But the company could now restart their talks with Time Warner for any [...]
Jonathan Miller barred from joining Yahoo
Time Warner has said that they cannot allow their former AOL Chief Executive Jonathan Miller to join Yahoo’s Board.
The company said that a non-compete clause in his original contract prevents him from doing so.
Yahoo had previously named Miller as one of the potential new members on their board [...]
WSJ: Microsoft looking for partners for renewed Yahoo bid!
Wall Street Journal has stated that Microsoft is now looking for partners to come out with a new bid that could possibly lead to breakup of Yahoo.
Yahoo is already facing pressure from invest Carl Icahn who wants to replace the company’s board.
The report in the Journal said [...]
Time Warner Cable to launch data transfer limited plans
Time Warner Cable has revealed that they are now going to test out some data transfer limited plans.
Time Warner Cable’s executive vice president Kevin Leddy, said that these test plans would be introduced in regions including Beaumont, Texas.
They have planned several tiers including:
$29.95/month: 768 kbps: 5GB
$54.90/month: [...]
