Jeffrey Bewkes, a quiet defender of CNN who has delivered Time Warner high returns, plans to leave the company if a merger with AT&T is approved.
Instead of trashing the network news business, Netflix CEO Reed Hastings should focus on his core business. With the big old-line media companies growing more and more interested in the potential of OTT, Hastings is liable to find his programming suppliers morph into competitors.
Time Warner chief Jeff Bewkes says he’s hoping to see the Internet boost domestic sales with the rollout of TV Everywhere. And he says that in four years he expects to see a doubling of his overseas business that now generates about $2.5 billion a year in revenue and $500 million in operating profit.
Time Warner Inc. Chairman-CEO Jeffrey Bewkes, coming off a year of double-digit advertising growth, was rewarded handsomely in 2010, with total compensation of more than $26 million, a 34% increase over the prior year, according to a proxy statement filed Tuesday.