Will Jeff Bewkes survive Time Warner's disastrous quarter?
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From 247wallst.com
Time Warner Inc. (NYSE: TWX) reported earnings that were so dreadful that they defy the imagination.
The largest media conglomerate lost $16 billion in period ended Dec. 31 as it wrote down the value of the assets its overpaid for and coped with plunging advertising sales. Baring an economic miracle, it's hard to see how things will improve this year. I don't see how Chief Executive Jeffrey Bewkes can survive following Time Warner's first loss in 14 quarters.
Continue Reading at 247wallst.com>>>
Time Warner Inc. (NYSE: TWX) reported earnings that were so dreadful that they defy the imagination.
The largest media conglomerate lost $16 billion in period ended Dec. 31 as it wrote down the value of the assets its overpaid for and coped with plunging advertising sales. Baring an economic miracle, it's hard to see how things will improve this year. I don't see how Chief Executive Jeffrey Bewkes can survive following Time Warner's first loss in 14 quarters.
Continue Reading at 247wallst.com>>>
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