TIME WARNER & TIME WARNER CABLE CHIEFS CLASH OVER BUNDLING

The heads of Time Warner and Time Warner Cable are at odds over the practice of “bundling” cable TV networks — forcing carriers to accept low-rated (or no-rated) channels in order to receive popular ones. On Monday, Time Warner Cable chief Glenn Britt said that TWC plans to drop channels “that hardly anyone watches.” However, […]

TIME WARNER REVENUE: WAITING FOR BATMAN

Without a Harry Potter or a Hangover sequel in theaters in the second quarter, Time Warner saw its net income plummet by a third to $430 million versus $638 million during the same quarter a year ago. Revenue was down 4.1 percent to $6.74 billion. Wall Street had anticipated the decline — and was no […]

NEW YORK POST: CNN’S JIM WALTON LIKELY TO BE OUSTED

CNN may finally be preparing to take direct action to deal with its hemorrhaging ratings, although it is unlikely to make any significant moves before the Nov. 6 elections, the New York Post reported today (Friday), citing several unnamed sources. The newspaper said that senior management is drawing up a short list of potential candidates […]

NEW YORK POST: CNN’S JIM WALTON LIKELY TO BE OUSTED

CNN may finally be preparing to take direct action to deal with its hemorrhaging ratings, although it is unlikely to make any significant moves before the Nov. 6 elections, the New York Post reported today (Friday), citing several unnamed sources. The newspaper said that senior management is drawing up a short list of potential candidates […]

HARRY POTTER FINALE LIFTS TIME WARNER

Time Warner’s earnings for the third quarter came in ahead of analysts’ predictions today (Wednesday), thanks mainly to the magic of Harry Potter. The company’s Warner Bros. unit reported its best quarter in history with profit up an extraordinary 153 percent, much of it coming from ticket sales for Harry Potter and the Deathly Hallows: […]

WARNER BROS. MOVIES MAY SOON GO ONLINE

Time Warner chief Jeff Bewkes, a hold-out when it comes to putting Warner Bros. movies and TV shows online, said on Wednesday that he is now ready to discuss licensing them to video sites. “We’re already selling some product to Netflix, and we have ongoing discussions with all of the digital outlets,” Bewkes said during […]

VIACOM EXECS HIGHEST PAID IN U.S. MEDIA

The three highest-paid media executives in 2010 all worked for companies controlled by Sumner Redstone’s National Amusements, the Los Angeles Times observed today (Monday) citing figures by Redwood City, CA., executive compensation research firm Equilar Inc. The three are Viacom CEO Philippe Dauman, who drew the largest compensation package of any U.S. executive: $84.5 million; […]

TIME WARNER CHIEF: NETFLIX IS NO THREAT

Time Warner chief Jeff Bewkes insisted on Wednesday that Netflix does not pose a threat to traditional broadcast and cable outlets — and that he has seen little evidence that Netflix subscribers are “cutting the cord.” During a conference call with analysts and investors, Bewkes observed that there are only about 4 million households in […]

ANALYST URGES STUDIOS TO STEP UP ELECTRONIC DISTRIBUTION

Making their movies available for sale via digital distribution within two months after they debut in theaters may be the only way studios will be able to stem the flight of moviegoers to cheap rental services like Netflix and Redbox, according to BTIG Research analyst Richard Greenfield. Greenfield, who has previously said that electronic sell-through […]

NETFLIX REPLACES NEW YORK TIMES CO. ON S&P 500

In a sign of the times, Netflix will replace the New York Times Co. and Cablevision Systems Corp will replace King Pharmaceuticals Inc. on the Standard & Poor’s 500 index (S&P 500), following the close of trading on Friday, Dec. 17, The changes were among several announced by Standard and Poor’s on Friday. Shares in […]

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