Time Warner Inc. might offer as much as $1.5 billion dollars for MGM, according to Bloomberg News.
What do you get for that?
Well, a 4,100-title library, the James Bond franchise, the Pink Panther franchise, part of the upcoming Hobbit movie, some television channels, and the rights to the show Stargate.
Last year, Read More
Did you notice all the gauzy coverage of the merger of America Online and Time Warner last month? It was pegged to the 10th anniversary of the deal, now widely derided as the “worst merger in history” and which cost shareholders more than $100 billion.
But it’s starting to feel like a long time Read More
In next week’s Time magazine, Walter Isaacson turns his attention to the newspaper industry’s troubles, asserting that the way publishers currently operate "is not a business model that makes sense."
Mr. Isaacson, the CEO of The Aspen Institute and the former top editor at Time, started his career in newspapers, Read More
About six months after Steven Feder, the psychic hot-line guru behind that pay-per-call legend Miss Cleo, bought a $24.5 million condo near Central Park, Cheryl Mercuris, who founded the telemarketing firm Quality Resources Inc., based in a 20,000-square-foot call center in Clearwater, Fla., paid $8.3 million for a duplex in the same building.
She’ll Read More
According to Reuters, Richard Parsons, Time Warner’s chairman, is planning to step down in 2009. "This is my last shot at this," Parsons is quoted as saying during a shareholders meeting. "I will be the outgoing chairman after this year, probably."
Get ready for journalists to start another round of the “Richard Parsons, Read More
Last night, NBC threw a party to celebrate the fifth anniversary of Countdown with Keith Olbermann. Network bigwigs, including Jeff Zucker and Phil Griffin, turned out to toast their top cable-news anchor, who at one point during the night posed for pictures wearing a sparkling tiara.
The party was thrown at the Landmarc restaurant at Read More
The Times of London reported today that Richard Parsons, the CEO of Time Warner Inc., could step down as early as next week, to be replaced by Time Warner president Jeff Bewkes.
Mr Bewkes has long been since as Mr. Parsons’ heir apparent, and is considered more likely to shake up the company Read More
AOL announced yesterday that the company is moving its corporate headquarters from a suburban campus in Dulles, Va. to 770 Broadway at Astor Place.
AOL spokesperson Anne Bentley said the move reflects a shift in AOL's priorities from its email, IM and internet access business focus to becoming a major player in the advertising industry. Read More
Here's an interesting fight you probably haven't heard of, at least not yet.
In Utica, the Communication Workers of America has launched an agressive campaign against Time Warner, complete with print, radio and television ads.
The aim of the campaign is to enable 35 Time Warner employees unionize. Yes, that's a tiny Read More
Despite her salacious scandal earlier this year, CNBC’s top anchor, Maria (the “Money Honey”) Bartiromo, and husband Jonathan Steinberg are settling into domestic bliss: They’ve closed on a five-level townhouse on East 62nd Street, paying $6.5 million.
The five-bedroom house, east of Third Avenue, has a second-floor balcony overlooking the 39-foot-long backyard garden, plus a Read More