Word: warner
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Dates: during 2000-2009
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...Content is rapidly being devalued. The first people to press that case are accountants. They have insisted that companies from News Corporation (NWS) to The New York Times (NYT) to Time Warner (TWX) to CBS (CBS) write-down tens of billions of dollars in assets. Cablevision (CVC) bought the large daily newspaper Newsday less than a year ago. Its accountants reduced the value of that property by 70%. That was not simply the value of the Newsday building. What they were saying is that the income from the property has been impaired, probably permanently...
...Yahoo! (YHOO) and Time Warner were downgraded by a Wall St. analyst yesterday. His reason for cutting Time Warner is that, once its cable systems have been spun-out to shareholders, its crown jewels which include Time Inc, AOL, and networks such as CNN were not worth the multiple at which the company trades. The essence of his argument is that content, even the best content, is losing its value...
...caught up with economist Sylvia Ann Hewlett, who has studied these issues forever. She's the founder of the Hidden Brain Drain task force, a group of more than 50 companies--including GE, Goldman Sachs and our own mother ship, Time Warner--that are exploring how employers can hang on to the people they can least afford to lose. Especially when companies need to reinvent themselves to survive, she warns, they can't afford the huge costs associated with stressed-out talent: "It's not good for the bottom line," she says, "and it's not good for individuals...
...question is: Can the U.S. act in time for Copenhagen? The answer is hardly certain. The first attempt at a national cap-and-trade bill, last year's Warner-Lieberman Act, didn't make it out of the full Senate. The U.S. has a new, greener President, but the sheer number of legislative priorities sitting on his desk could make cap and trade impossible to achieve this year. That doesn't mean Copenhagen will come and go without a deal, but, under the pressure to get something on paper, it's possible the summit will produce a watered down agreement...
When I began writing about Washington more than 30 years ago, it was a fairly modest town. There were lobbyists; there always had been - just read Mark Twain and Charles Dudley Warner's hilarious novel The Gilded Age. But in the 1980s, I began to notice that the lobbies of the buildings where the lobbyists lived had gone all marble and melodramatic. A new class of steak houses hit town: now you can buy a Kobe beefsteak for $175 in some joints. The limos multiplied; McMansions sprouted in the near suburbs. In a way, Daschle - a very decent...