By Liana B. Baker (Reuters) - Time Warner Inc said on Wednesday it is appointing a new chief at Turner Broadcasting to replace longtime executive Phil Kent, who steps down in 2014, the latest changes to hit the unit that oversees cable networks CNN, TBS and TNT. The executive shuffle, which will see Time Warner's current finance chief John Martin, 46, take over as Turner's CEO starting in 2014, when Kent steps down, comes at a time when CNN is under transition. ...
Turner Broadcasting told advertisers at the annual "upfront" presentation that it plans to add 14 new original shows to its TNT and TBS cable networks. They include a remake of "Dallas," with Larry Hagman reprising his role as J.R.
(Reuters) - Time Warner Inc said on Wednesday it is appointing a new chief at Turner Broadcasting to replace longtime executive Phil Kent, who steps down in 2014, the latest changes to hit the unit that oversees cable networks CNN, TBS and TNT.
Rolling Stone magazine has been heavily critiqued for emblazoning the face of 19-year-old Boston bomber Dzhokhar Tsarnaev on its cover, similar to how the publication has posed Jim Morrison and Madonna in the past.
Time Warner (TWX) will report its Q2 2013 earnings on Aug. 7. We expect its cable networks, especially TBS and TNT, to drive quarterly growth on improved ratings. The success of TV series such as "Game of Thrones" will boost HBO's subscriber growth in international markets. CNN's ratings have bounced back in the quarter ending June 30 due to the network's focus on new programming and special telecasts.
Time Warner's suite of cable networks, including TBS and HBO, contributed to the company's 1.9 percent increase in third-quarter net profit, but revenue was offset by continued weakness at its magazine and movie divisions.