Time Warner

Time Warner headcount reduction sees costs rise

Time Warner has spent US$346 million (€276 million) on restructuring and redundancy costs to date this year. The US media giant’s latest financial results show third quarter restructuring and severance costs were US$303 million as a strategy to significantly reduce headcount kicked in. Staff are being cut at channels business Turner Broadcasting System, studio subsidiary […]

21st Century Fox president fails to shut door on BSkyB takeover

The president and chief operating officer of 21st Century Fox, Chase Carey, failed to rule out making another 100% bid for BSkyB but said that the firm’s current focus is on establishing Sky Europe. Speaking at the Royal Television Society conference in London this morning, Carey, said that 21st Century Fox’s plan “right now” is […]

A+E beats Time Warner to US$250m Vice stake

A+E Networks will acquire a 10% stake in hipster content brand Vice Media, beating off competition from Time Warner, according to various reports. Disney-Hearst joint venture broadcaster A+E is likely to announce the deal this week, with a value of US$250 million (€190 million) placed on it. This means Vice is worth US$2.5 billion, more […]

Bewkes sidesteps Fox questions as Murdoch has his say

Time Warner CEO Jeff Bewkes neatly sidestepped questions about why he walked away from a merger with 21st Century yesterday, while Rupert Murdoch has offered his opinions on the episode. In a conference call with investors, Bewkes declined to comment directly on the Fox proposal, “except to say that the board and our senior management […]

Rupert Murdoch drops US$80bn Time Warner bid

21st Century Fox has dropped its bid for Time Warner, citing the negative impact it had on its share price and a lack of willingness on the part of the Time Warner board to explore the media mega-merger. Fox chairman and CEO Rupert Murdoch said the mooted US$80 billion (€60 billion) merger offered a “unique” […]

Google and Apple ‘could beat Fox to Time Warner’

Tech giants Google and Apple could try to grab Time Warner from under the nose of 21st Century Fox, according to corporate finance group Moody’s. Fox’s US$80 billion bid for Time Warner could “prompt other offers, even from technology giants”, Moody’s suggested. The fact Time Warner publicly acknowledged the Fox offer “puts the company in […]

BSkyB set to seal Sky Italia, Deutschland deals

BSkyB is reportedly planning to takeover sister companies Sky Italia and Sky Deutschland in the coming weeks, in a deal that would financially boost parent firm 21st Century Fox as its attempts to buy Time Warner. According to a Sunday Times report, Sky could seal the takeover of the two firms in the next two […]

Fears raised over mooted 21st Century Fox buyout of Time Warner

Analysts have warned of a “bloodbath” and rising pay TV costs for US consumers should 21st Century Fox’s mooted takeover of Time Warner go ahead, while also noting the combined entity’s ability to take on the likes of Netflix. Yesterday, CNBC broke news of the offer, which was tabled earlier this summer that, if accepted, […]

Time Warner linked to web operator Fullscreen

US media giant Time Warner is reportedly seeking to follow the likes of Disney, RTL and ProSiebenSat.1 into the YouTube multi-channel operator business. Bloomberg has reported Time Warner is seeking to buy leading MCN Fullscreen, which Relativity Media and Yahoo are also said to be interested in. The companies have held talks over a deal, […]

Time Warner in talks to distribute channels outside of pay TV

Time Warner CEO Jeff Bewkes has confirmed the media giant is talking to Dish about the possibility of delivering its content to consumers outside of the traditional pay TV system. Satellite company Dish recently struck a deal with Disney to distribute various ABC, Disney and ESPN services to connected devices outside of a pay TV […]