Word: warner
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Dates: during 2000-2009
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Pittman had worked from the top down to fulfill the grand promises of the January 2001 merger of AOL and Time Warner, trying to force the proud and relatively autonomous old-media divisions--cable TV, movies, music, publishing, TV channels--to work more collaboratively with one another and with the online division, especially on joint advertising deals. But Pittman was a polarizing figure, as were his proteges from the AOL division. Youthful, cocky and ostentatiously wealthy from their AOL stock options, they swooped down on Time Warner as if they held the secrets to some new business reality. They quickly...
...head-knocking search for synergies failed to appreciate that Time Warner's strength lay in the seasoned operating executives at the top of its various divisions, who have produced solid earnings quarter after quarter, regardless of which vision of the month their corporate overlords were selling to Wall Street. Time Warner's weakness has been the inability of the dreamers and bureaucrats in its headquarters to effectively tie the whole enterprise together. Parsons, who took charge as CEO only in May after the retirement of Gerald Levin, had limited experience as a big-league operating executive and knew that...
...labor between him and Pittman. Logan and Bewkes bring relevant experience and talents to the assignments that lie ahead of them. Logan, 58, the burly and taciturn Alabaman who has rebuilt Time Inc. (parent of TIME) into a publishing dynamo, will oversee the subscription-based businesses, including AOL, Time Warner Cable and Time Inc. Bewkes, 50, who has led HBO to critical acclaim and rising profits, will add to his portfolio the Warner Bros. and New Line movie units, Warner Music, the WB network and the Turner cable networks such...
...decade veteran of HBO, Bewkes, who holds an M.B.A. from Stanford, works as successfully with creative types as with number crunchers. He and Warner Bros. CEO Barry Meyer have become especially close, since both resisted Pittman's attempts to centrally manage their divisions. Bewkes is not as close, however, with his new subordinate Jamie Kellner, CEO of Turner Broadcasting, who was seen as a Pittman ally. Bewkes led HBO to develop such hits as The Sopranos, Sex and the City and Six Feet Under and saw it collect 93 Emmy nominations last week. Warner Bros. is enjoying a successful...
...maybe that should be "surprisingly relevant," for a series made almost two years ago. News was all set to run on tnt in January 2001 but was scuttled by new management after the merger that created AOL Time Warner (which owns TNT and TIME). This year Bravo bought all 13 episodes--at a deep discount. But despite being shot before 9/11, Ashleigh Banfield's dye job, Greta Van Susteren's eye job and Paula Zahn's "zipper" ad, News doesn't play like old news. Like E.R., whose frenzied pace it emulates, News nails the jargon and the adrenaline rush...