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What Would Henry Luce Do? Looking Forward at Time Warner (Dinosaur Media DeathWatch™)
The New York Times ^ | December 24, 2007 | Tim Arango

Posted on 12/24/2007 4:10:29 AM PST by abb

For someone with a reputation for being unsentimental about his company, it was perhaps surprising that Jeffrey L. Bewkes looked to the past when he spoke at a Time Warner management retreat in Miami in late November — his first since being tapped as the company’s next chief executive.

Before the top 200 executives at a ballroom in Miami’s Mandarin Oriental hotel, Mr. Bewkes invoked the legacies of Henry R. Luce and Ted Turner in ticking off the accomplishments of the assembly’s predecessors: inventing the newsmagazine (Time), and spearheading cable news (CNN) and pay television (HBO), according to three executives in attendance who spoke on condition of anonymity because it was a private meeting.

But Mr. Bewkes’s task is very different. Those pioneers built the modern Time Warner. Mr. Bewkes, who will take over from Richard D. Parsons on Jan. 2, may be the person who tears it apart.

snip

If cable were spun off, the speculation — which is not dismissed by insiders — is that Time Warner would seek to either acquire or enter a joint venture with NBC Universal. General Electric has publicly said it has no plans to sell NBC Universal, but speculation in media circles is that the company would consider it following the 2008 Beijing Olympics, which NBC will broadcast. One investment banker who recently discussed the issue with G.E. said he was told, “come speak to us after Beijing” (this banker declined to be identified because of the confidentiality of the message). When Robert Wright stepped down as chief executive of NBC Universal earlier this year, he predicted in Fortune magazine that a Time Warner spin-off of cable in 2008 would spur talks to merge Time Warner and NBC Universal.

snip

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: advertising; dbm; time; timewarner

The Sands of TIME

1 posted on 12/24/2007 4:10:32 AM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 12/24/2007 4:11:09 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
TIME has Come Today

Turn Back The Hands of TIME

TIME (Clock Of The Heart)

TIME After TIME

For The Longest TIME

TIME Waits For No One

TIME Will Crawl

I Ain't Got TIME Anymore

Monkey TIME

3 posted on 12/24/2007 4:11:31 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
TIME Passages
4 posted on 12/24/2007 4:13:35 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

5 posted on 12/24/2007 4:14:15 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

The Future of TIME

6 posted on 12/24/2007 4:16:42 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
Bad TIME
7 posted on 12/24/2007 4:41:56 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
the "legacy of Ted Turner...?"

Absolutely, positively, NO need to read any more...

BTW.Merry Christmas!!!!

8 posted on 12/24/2007 5:06:32 AM PST by ken5050
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To: ken5050
The meat of the story is the part about NBC/U and TimeWarner clinging to one another to prevent sinking. It would be a deck chair re-arrangement drill.


9 posted on 12/24/2007 5:23:03 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
I’ve always been amazed that GE has held onto NBC Universal for as long as it has.

It’s had to have been a drag on GE for years.

10 posted on 12/24/2007 7:13:53 AM PST by ConservativeMind
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To: abb

11 posted on 12/24/2007 8:40:21 AM PST by martin_fierro (< |:)~)
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To: abb

Everyone should go to their local bookstore, shake out all the Slime magazine subscription litter cards and drop in the mail for processing.


12 posted on 12/24/2007 8:43:59 AM PST by samadams2000 (Someone important make......The Call!)
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To: martin_fierro
The future of TWX and their props? The Acme Co. will no longer be?


13 posted on 12/24/2007 8:48:49 AM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
A story link that seems to bypass the old grey hag's ineffectual "login wall."



Merry Christmas!

The truth will set you free. - Jesus Christ

14 posted on 12/24/2007 10:04:15 AM PST by Milhous (Gn 22:17 your descendants shall take possession of the gates of their enemies)
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