News Topic - Time Warner
Articles 1 - 10 of most recent articles
AOL sheds its brand to draw specialty audiences
NEW YORK (AP) -- Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion....
AP – 2 hours, 39 minutes ago ¦ comment?
found in Business
NEW YORK (AP) -- Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion....
AP – 2 hours, 39 minutes ago ¦ comment?
found in Business
Tw Boss May Step Down
Time Warner Chairman Richard Parsons yesterday said he is likely to step down in the next year, clearing the path for Chief Executive Officer Jeffrey Bewkes to assume the role. During opening remarks at the media company's annual shareholders...
New York Post – 5 hours, 52 minutes ago ¦ comment?
found in Business
Time Warner Chairman Richard Parsons yesterday said he is likely to step down in the next year, clearing the path for Chief Executive Officer Jeffrey Bewkes to assume the role. During opening remarks at the media company's annual shareholders...
New York Post – 5 hours, 52 minutes ago ¦ comment?
found in Business
Business Briefing | Executives: Time Warner’s Chief Hints at Departure
Richard D. Parsons, left, Time Warner’s chairman, said he was likely to step down in the next year, clearing the path for the chief executive, Jeffrey L. Bewkes, to assume the role.
New York Times – 12 hours ago ¦ comment?
found in Business
Richard D. Parsons, left, Time Warner’s chairman, said he was likely to step down in the next year, clearing the path for the chief executive, Jeffrey L. Bewkes, to assume the role.
New York Times – 12 hours ago ¦ comment?
found in Business
Failing!
Thery're gonna have to work harder next season!According to the Wall Street Journal, the home of Gossip Girl, the CW network is tanking.The CBS/Time Warner co-venture lost 28% of its target audience of 18 to 34 year olds so far this season. And, its ratings during this month's "sweeps" period — the all-important measure upon [...]
PerezHilton.com – 13 hours, 26 minutes ago ¦ comment?
found in Entertainment: Celebrity Gossip
Thery're gonna have to work harder next season!According to the Wall Street Journal, the home of Gossip Girl, the CW network is tanking.The CBS/Time Warner co-venture lost 28% of its target audience of 18 to 34 year olds so far this season. And, its ratings during this month's "sweeps" period — the all-important measure upon [...]
PerezHilton.com – 13 hours, 26 minutes ago ¦ comment?
found in Entertainment: Celebrity Gossip
Time Warner Chairman likely to step downReuters - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the role.
Yahoo! – 20 hours, 33 minutes ago ¦ comment?
found in Entertainment
Corporate raider Icahn leads investor revolt against Yahoo board
The billionaire hedge-fund tycoon Carl Icahn has opened hostilities in a campaign to eject the board of Yahoo by accusing the internet company's directors of "irrational" and "irresponsible" actions in turning down a $47.5bn (£24.4bn) take-over offer from Microsoft. Icahn, one of Wall Street's most aggressive corporate raiders, has put forward 10 dissident nominees for election at Yahoo's annual meeting, including himself and Mark Cuban, a fellow billionaire who made his fortune by selling a webcasting start-up, Broadcast.com, to Yahoo in 1999. His challenge sets the stage for a showdown in California on July 3 at which disillusioned investors will confront the company about the collapse of talks with Microsoft. Negotiations foundered at a meeting between executives from the two companies at Seattle airport two weeks ago. In a letter outlining his intentions, Icahn wrote to Yahoo's chairman Roy Bostock: "It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis." Describing himself as "perplexed" by Yahoo's actions, Icahn said it was "irresponsible" for independent directors to accept overly optimistic financial forecasts from the firm's management. "I and many of your shareholders strongly believe a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the internet," said the letter. Icahn, a 72-year-old New Yorker, has already spent $1bn on a 4% stake in Yahoo and he is seeking clearance from the federal trade commission to purchase up to $2.5bn worth of stock. He wants to remove Yahoo's entire board, including the chief executive, Jerry Yang, who co-founded the business in a trailer on the campus of Stanford University. Anger has been bubbling to the surface among Yahoo investors, who saw the value of their shares drop by 15% when Microsoft walked away. The stock edged up by 8 cents to $27.22 during early trading on Nasdaq yesterday, although it remains well below the price Microsoft was prepared to pay. The company's second-largest investor, Legg Mason, has urged Yahoo and Microsoft to get back around the table, although it has reservations about Icahn's tactic, suggesting it could prove "distracting" for management. A Florida-based fund manager, Eric Jackson, has assembled 150 small investors with 3.3m shares who are keen to vote against the incumbent board. Another influence could be Icahn's fellow hedge-fund billionaire, John Paulson, who has acquired 50m shares, according to reports last night. Analysts suggest that Yahoo's co-founder will find Icahn an even tougher negotiator than Microsoft's boss, Steve Ballmer. "If Jerry Yang had a tough time dealing with Steve, wait till he meets Carl Icahn," said Colin Gillis, of the financial services firm Canaccord Adams. Icahn made his name by seizing control of the airline TWA through a hostile take-over in 1986. His recent successes include forcing the struggling mobile phone maker Motorola to accept two of his nominees as directors. Last year, he helped propel the vaccine developer MedImmune into a $15bn buyout by AstraZeneca. Among the dissident nominees to Yahoo's board are a former boss of the Viacom media empire, Frank Biondi; a Harvard law professor, Lucian Bebchuk; a former head of the New Line Cinema film studios, Robert Shaye; and Icahn's right-hand man, Keith Meister. For several years, Yahoo has struggled to meet Wall Street's expectations as it has fallen behind Google in internet searches, online advertising and in broader innovation on the web. A year ago, discontent among shareholders meant that the re-election of several directors only won support of about 66%. Among the obstacles facing Icahn, however, is a question mark over Microsoft's willingness to come back to the table. Shar VanBoskirk, an analyst at Forrester Research, said: "If they're interested in reviving talks with Yahoo, it's probably not going to be immediate." Alternatives for Yahoo include pursuing a deal with Google to share advertising technology or reviving tentative talks about a combination with Time Warner's internet arm, AOL. Experts say Yahoo's chances of going it alone are slim. "We expect a deal to be consummated," said Scott Kessler, an internet analyst at Standard & Poor's in New York. "It's always been strange to me how Yahoo seems to have had Yahoo's management rather than shareholders as its first priority." Profile Blood-thirsty oil paintings of armies riding into battle decorate the walls of Carl Icahn's suite of wood-panelled offices in a skyscraper overlooking Central Park. As numerous American companies can attest, the 72-year-old financier is fond of a dust-up. Icahn was born in the New York borough of Queens and funded his way through Princeton University partly by using poker winnings. In his early days, he dabbled in junk bonds. He shot to prominence by wresting control of the airline TWA in 1985, where workers accused him of asset-stripping as the carrier plunged towards bankruptcy in 1992. Since then, he has demanded changes at scores of companies - his targets have included the biscuit maker RJR Nabisco, the comic book publisher Marvel, the oil firm Texaco and, unsuccessfully, the media group Time Warner. Forbes estimates Icahn's wealth at $14bn, ranking him the 46th richest person in the world.
The Guardian – May 15, 2008 11:26 PM [GMT] ¦ comment?
found in Technology
The billionaire hedge-fund tycoon Carl Icahn has opened hostilities in a campaign to eject the board of Yahoo by accusing the internet company's directors of "irrational" and "irresponsible" actions in turning down a $47.5bn (£24.4bn) take-over offer from Microsoft. Icahn, one of Wall Street's most aggressive corporate raiders, has put forward 10 dissident nominees for election at Yahoo's annual meeting, including himself and Mark Cuban, a fellow billionaire who made his fortune by selling a webcasting start-up, Broadcast.com, to Yahoo in 1999. His challenge sets the stage for a showdown in California on July 3 at which disillusioned investors will confront the company about the collapse of talks with Microsoft. Negotiations foundered at a meeting between executives from the two companies at Seattle airport two weeks ago. In a letter outlining his intentions, Icahn wrote to Yahoo's chairman Roy Bostock: "It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis." Describing himself as "perplexed" by Yahoo's actions, Icahn said it was "irresponsible" for independent directors to accept overly optimistic financial forecasts from the firm's management. "I and many of your shareholders strongly believe a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the internet," said the letter. Icahn, a 72-year-old New Yorker, has already spent $1bn on a 4% stake in Yahoo and he is seeking clearance from the federal trade commission to purchase up to $2.5bn worth of stock. He wants to remove Yahoo's entire board, including the chief executive, Jerry Yang, who co-founded the business in a trailer on the campus of Stanford University. Anger has been bubbling to the surface among Yahoo investors, who saw the value of their shares drop by 15% when Microsoft walked away. The stock edged up by 8 cents to $27.22 during early trading on Nasdaq yesterday, although it remains well below the price Microsoft was prepared to pay. The company's second-largest investor, Legg Mason, has urged Yahoo and Microsoft to get back around the table, although it has reservations about Icahn's tactic, suggesting it could prove "distracting" for management. A Florida-based fund manager, Eric Jackson, has assembled 150 small investors with 3.3m shares who are keen to vote against the incumbent board. Another influence could be Icahn's fellow hedge-fund billionaire, John Paulson, who has acquired 50m shares, according to reports last night. Analysts suggest that Yahoo's co-founder will find Icahn an even tougher negotiator than Microsoft's boss, Steve Ballmer. "If Jerry Yang had a tough time dealing with Steve, wait till he meets Carl Icahn," said Colin Gillis, of the financial services firm Canaccord Adams. Icahn made his name by seizing control of the airline TWA through a hostile take-over in 1986. His recent successes include forcing the struggling mobile phone maker Motorola to accept two of his nominees as directors. Last year, he helped propel the vaccine developer MedImmune into a $15bn buyout by AstraZeneca. Among the dissident nominees to Yahoo's board are a former boss of the Viacom media empire, Frank Biondi; a Harvard law professor, Lucian Bebchuk; a former head of the New Line Cinema film studios, Robert Shaye; and Icahn's right-hand man, Keith Meister. For several years, Yahoo has struggled to meet Wall Street's expectations as it has fallen behind Google in internet searches, online advertising and in broader innovation on the web. A year ago, discontent among shareholders meant that the re-election of several directors only won support of about 66%. Among the obstacles facing Icahn, however, is a question mark over Microsoft's willingness to come back to the table. Shar VanBoskirk, an analyst at Forrester Research, said: "If they're interested in reviving talks with Yahoo, it's probably not going to be immediate." Alternatives for Yahoo include pursuing a deal with Google to share advertising technology or reviving tentative talks about a combination with Time Warner's internet arm, AOL. Experts say Yahoo's chances of going it alone are slim. "We expect a deal to be consummated," said Scott Kessler, an internet analyst at Standard & Poor's in New York. "It's always been strange to me how Yahoo seems to have had Yahoo's management rather than shareholders as its first priority." Profile Blood-thirsty oil paintings of armies riding into battle decorate the walls of Carl Icahn's suite of wood-panelled offices in a skyscraper overlooking Central Park. As numerous American companies can attest, the 72-year-old financier is fond of a dust-up. Icahn was born in the New York borough of Queens and funded his way through Princeton University partly by using poker winnings. In his early days, he dabbled in junk bonds. He shot to prominence by wresting control of the airline TWA in 1985, where workers accused him of asset-stripping as the carrier plunged towards bankruptcy in 1992. Since then, he has demanded changes at scores of companies - his targets have included the biscuit maker RJR Nabisco, the comic book publisher Marvel, the oil firm Texaco and, unsuccessfully, the media group Time Warner. Forbes estimates Icahn's wealth at $14bn, ranking him the 46th richest person in the world.
The Guardian – May 15, 2008 11:26 PM [GMT] ¦ comment?
found in Technology
CORRECT: Icahn's hits and misses: a history of boardroom battles
Whether playing the role of corporate raider or white-knight activist, Carl Icahn is no stranger to pushing for change at the companies in which he holds big stakes. The experiences of Motorola, BEA, Time Warner, ImClone and others bear testimony.
MarketWatch.com – May 15, 2008 9:30 PM [GMT] ¦ comment?
found in Business
Whether playing the role of corporate raider or white-knight activist, Carl Icahn is no stranger to pushing for change at the companies in which he holds big stakes. The experiences of Motorola, BEA, Time Warner, ImClone and others bear testimony.
MarketWatch.com – May 15, 2008 9:30 PM [GMT] ¦ comment?
found in Business
Time Warner Ramping Up Negotiations With Big Ten Network
Is Time Warner closer to striking a deal with the Big Ten Network so you can see all the games this season?
nbc4i.com – May 15, 2008 8:52 PM [GMT] ¦ comment?
found in Local: Ohio: Columbus
Is Time Warner closer to striking a deal with the Big Ten Network so you can see all the games this season?
nbc4i.com – May 15, 2008 8:52 PM [GMT] ¦ comment?
found in Local: Ohio: Columbus
Icahn opens hostilities in Yahoo battle
The billionaire hedge fund tycoon Carl Icahn has opened hostilities in a campaign to eject the board of Yahoo by accusing the internet company's directors of "irrational" and "irresponsible" actions in turning down a $47.5bn (£24.4bn) takeover offer from Microsoft. Icahn, who is one of Wall Street's most aggressive corporate raiders, has put forward 10 dissident nominees for election at Yahoo's annual meeting including himself and Mark Cuban, a fellow billionaire who made his fortune by selling a webcasting start-up, Broadcast.com, to Yahoo in 1999. His challenge sets the stage for a showdown in California on July 3 at which disillusioned investors will confront the company about the collapse of talks with Microsoft which floundered at a face-to-face meeting between executives from the two companies at Seattle airport two weeks ago. In a letter outlining his intentions, Icahn wrote to Yahoo's chairman Roy Bostock: "It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis." Describing himself as "perplexed" by Yahoo's actions, Icahn said it was "irresponsible" for independent directors to accept overly optimistic financial forecasts from the firm's management. "I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the internet," said the letter. Icahn, a 72-year-old New Yorker, has already spent $1bn on a 4% stake in Yahoo and he is seeking clearance from the Federal Trade Commission to purchase $2.5bn worth of stock. He wants to remove Yahoo's entire board including chief executive Jerry Yang, who co-founded the business in a trailer on the campus of Stanford University. Anger has been bubbling to the surface among Yahoo investors who saw the value of their shares drop by 15% when Microsoft walked away. The stock edged up by 8 cents to $27.22 during early trading on Nasdaq today although it remains well below the price Microsoft was prepared to pay. The company's second largest investor, Legg Mason, has urged Yahoo and Microsoft to get back around the table although it has reservations about Icahn's tactic, suggesting it could prove "distracting" for management. A Florida-based fund manager, Eric Jackson, has assembled 150 small investors with 3.3m shares who are keen to vote against the incumbent board. Analysts suggest that Yahoo's co-founder will find Icahn to be an even tougher negotiator than Microsoft's boss, Steve Ballmer. "If Jerry Yang had a tough time dealing with Steve, wait until he meets Carl Icahn," said Colin Gillis of the financial services firm Canaccord Adams. Icahn made his name by seizing control of the airline TWA through a hostile takeover in 1986. His recent successes include forcing the struggling mobile phones maker Motorola to accept two of his nominees as directors. Last year, he helped propel the vaccine developer Medimmune into a $15bn buyout by AstraZeneca. Among the dissident nominees to Yahoo's board are a former boss of the Viacom media empire, Frank Biondi; a Harvard law professor, Lucian Bebchuk; a former head of the New Line Cinema film studios, Robert Shaye and Icahn's right-hand man, Keith Meister. For several years, Yahoo has struggled to meet Wall Street's expectations as it has fallen behind Google in internet searches, online advertising and in broader innovation on the web. A year ago, discontent among shareholders meant that the re-election of several directors only won support of around 66%. A week later, Yahoo ousted its then chief executive, Terry Semel. Among the obstacles facing Icahn, however, is a question mark over Microsoft's willingness to come back to the table. Shar VanBoskirk, an analyst at Forrester Research, said: "I think Microsoft is a little bit tired right now from the whole drama of the situation. If they're interested in reviving talks with Yahoo, it's probably not going to be immediate." Alternatives for Yahoo include pursuing a deal with Google to share advertising technology or reviving tentative talks about a combination with Time Warner's internet arm, AOL. Experts say that Yahoo's chances of going it alone are slim. "We expect a deal to be consummated," said Scott Kessler, an internet analyst at Standard & Poor's in New York. "It's always been strange to me how Yahoo seems to have had Yahoo's management rather than shareholders as its first priority."
The Guardian – May 15, 2008 5:15 PM [GMT] ¦ comment?
found in Technology
The billionaire hedge fund tycoon Carl Icahn has opened hostilities in a campaign to eject the board of Yahoo by accusing the internet company's directors of "irrational" and "irresponsible" actions in turning down a $47.5bn (£24.4bn) takeover offer from Microsoft. Icahn, who is one of Wall Street's most aggressive corporate raiders, has put forward 10 dissident nominees for election at Yahoo's annual meeting including himself and Mark Cuban, a fellow billionaire who made his fortune by selling a webcasting start-up, Broadcast.com, to Yahoo in 1999. His challenge sets the stage for a showdown in California on July 3 at which disillusioned investors will confront the company about the collapse of talks with Microsoft which floundered at a face-to-face meeting between executives from the two companies at Seattle airport two weeks ago. In a letter outlining his intentions, Icahn wrote to Yahoo's chairman Roy Bostock: "It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis." Describing himself as "perplexed" by Yahoo's actions, Icahn said it was "irresponsible" for independent directors to accept overly optimistic financial forecasts from the firm's management. "I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the internet," said the letter. Icahn, a 72-year-old New Yorker, has already spent $1bn on a 4% stake in Yahoo and he is seeking clearance from the Federal Trade Commission to purchase $2.5bn worth of stock. He wants to remove Yahoo's entire board including chief executive Jerry Yang, who co-founded the business in a trailer on the campus of Stanford University. Anger has been bubbling to the surface among Yahoo investors who saw the value of their shares drop by 15% when Microsoft walked away. The stock edged up by 8 cents to $27.22 during early trading on Nasdaq today although it remains well below the price Microsoft was prepared to pay. The company's second largest investor, Legg Mason, has urged Yahoo and Microsoft to get back around the table although it has reservations about Icahn's tactic, suggesting it could prove "distracting" for management. A Florida-based fund manager, Eric Jackson, has assembled 150 small investors with 3.3m shares who are keen to vote against the incumbent board. Analysts suggest that Yahoo's co-founder will find Icahn to be an even tougher negotiator than Microsoft's boss, Steve Ballmer. "If Jerry Yang had a tough time dealing with Steve, wait until he meets Carl Icahn," said Colin Gillis of the financial services firm Canaccord Adams. Icahn made his name by seizing control of the airline TWA through a hostile takeover in 1986. His recent successes include forcing the struggling mobile phones maker Motorola to accept two of his nominees as directors. Last year, he helped propel the vaccine developer Medimmune into a $15bn buyout by AstraZeneca. Among the dissident nominees to Yahoo's board are a former boss of the Viacom media empire, Frank Biondi; a Harvard law professor, Lucian Bebchuk; a former head of the New Line Cinema film studios, Robert Shaye and Icahn's right-hand man, Keith Meister. For several years, Yahoo has struggled to meet Wall Street's expectations as it has fallen behind Google in internet searches, online advertising and in broader innovation on the web. A year ago, discontent among shareholders meant that the re-election of several directors only won support of around 66%. A week later, Yahoo ousted its then chief executive, Terry Semel. Among the obstacles facing Icahn, however, is a question mark over Microsoft's willingness to come back to the table. Shar VanBoskirk, an analyst at Forrester Research, said: "I think Microsoft is a little bit tired right now from the whole drama of the situation. If they're interested in reviving talks with Yahoo, it's probably not going to be immediate." Alternatives for Yahoo include pursuing a deal with Google to share advertising technology or reviving tentative talks about a combination with Time Warner's internet arm, AOL. Experts say that Yahoo's chances of going it alone are slim. "We expect a deal to be consummated," said Scott Kessler, an internet analyst at Standard & Poor's in New York. "It's always been strange to me how Yahoo seems to have had Yahoo's management rather than shareholders as its first priority."
The Guardian – May 15, 2008 5:15 PM [GMT] ¦ comment?
found in Technology
Columbus Circle subway escalators out of service
The Time Warner Center is a destination for high-end shoppers, diners, tourists and the thousands of commuters who pass through Columbus Circle subway station - all of whom will have no escalators for the next month.
Newsday.com – May 14, 2008 10:37 PM [GMT] ¦ comment?
found in Local: New York: New York
The Time Warner Center is a destination for high-end shoppers, diners, tourists and the thousands of commuters who pass through Columbus Circle subway station - all of whom will have no escalators for the next month.
Newsday.com – May 14, 2008 10:37 PM [GMT] ¦ comment?
found in Local: New York: New York