Fox Business - The Power to Prosper
Search Site

John Martin

Time Warner's Bewkes shuffles Turner's top management

Time Warner Inc said on Wednesday it is appointing a new chief at Turner Broadcasting to replace longtime executive Phil Kent, who steps down in 2014, the latest changes to hit the unit that oversees cable networks CNN, TBS and TNT.The executive shuffle, which will see Time Warner's current finance chief John Martin, 46, take over as Turner's CEO starting in 2014, when Kent steps down, comes at a time when CNN is under transition.Jeff Bewkes, Time Warner's CEO, tapped Jeff Zucker, the former CEO of NBCUniversal in November to be the new chief of the news channel and orchestrate a turnaround to the network which was struggling in ratings and losing out to Fox News and MSNBC.Even though CNN is trying to make a comeback, Morningstar analyst Michael Corty said that the Turner unit is in better position than it was a few years ago, with stronger ratings, better original programming and syndicated shows. Time Warner acquired Turner Broadcasting in 1996.Gabelli & Co estimates Turner generated...

Read More

  1. Time Warner optimistic for 2011, confident in HBO

    BARCELONA, Spain (Reuters) - U.S. media group Time Warner is optimistic about 2011 as TV ad sales growth accelerates, and sees potential to increase subscriber numbe...

  2. ANALYSIS-Holiday shipping up in the air in weak US economy

    By Lisa Baertlein and Helen ChernikoffLOS ANGELES/NEW YORK (Reuters) - Toy store ownerEric Masoncup is playing a high-stakes game as he readiesholiday orders in this...

  3. BP Makes $3B Initial Deposit to Spill Fund

    BP Plc said Monday it has made an initial deposit of $3 billion into a $20 billion fund to pay for its Gulf of Mexico oil spill after the oil company finalized negot...

  1. Time Warner 3rd-Quarter Net Up 1.9% on Lower Costs; Revenue Falls

    Time Warner Inc.'s (TWX) third-quarter earnings rose 1.9% as the media conglomerate's margins were helped by lower costs. But revenue was hurt by a double-digit drop...

  2. Workplace Skills Gap Growing in Education?

    Jon Erickson, ACT president of the Education Division, and Martin Scaglione, ACT president of the Workforce Division, on the ACT’s nationwide testing for skills and interests.

  3. Nestle to Invest Another PHP5 Billion in Philippines Next Year

    Nestle S.A. (NSRGY) Friday said it plans to invest another 5 billion pesos ($120 million) to boost its Philippine operations in 2013, as the Swiss food giant builds ...

  4. Time Warner CFO Warns of Little 3rd-Quarter Earnings Growth

    Time Warner Inc. (TWX) won't report any "meaningful" earnings growth for the third quarter, Chief Financial Officer John Martin said Wednesday.Mr. Martin pointed to ...

  5. Big Lots 2nd-Quarter Net Drops 38%, Company Names New Executives

    Big Lots Inc.'s (BIG) posted a disappointing 38% drop in fiscal second-quarter earnings, citing softening demand for more profitable products like furniture, and con...

  6. Time Warner Inc. CEO 2011 Total Compensation Valued At $25.9 Million

    Time Warner Inc.'s (TWX) Chief Executive Jeff Bewkes earned total compensation in 2011 valued at $25.94 million, down slightly from a year earlier, the company said ...

  7. Gilead Inks $10.4B Deal to Buy Pharmasset; Offer Carries 89% Premium

    Biopharmaceutical company Gilead Sciences (NASDAQ:GILD) unsealed a deal on Monday to snatch Pharmasset (NASDAQ:VRUS) in a $10.4 billion transaction that carries a hu...

Freebase CC-BY
Source: John Martin on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL