 |
   |
Visit min's sister site:  |
|
|
|
|
BREAKING NEWS & VIEWS
Bewkes: Even Time Inc. Could Go? Bewkes does covet the brand value of the marquee magazine titles, but he told Friedman that the publishing division is expected to make substantial headway in its digital evolution and to show earnings growth. “If they can’t,” Bewkes told Friedman, “they’re better candidates for private ownerships.” The publishing division of Time Warner was singled out as one of the weakest elements of the company in the fourth quarter and in the full 2009 earnings report issued last week. Revenues for the group dropped 19% for the year, down 13% for the last quarter. Bewkes clearly did not anticipate a Time Inc. sale, despite the offhanded comment. He voiced support for the magazines’ brand leadership. As Friedman tells it, the CEO is hoping to proliferate the key brands for Time Warner, from HBO to People magazine, to every imaginable platform. He is a big believer in both the TV-everywhere model and the e-reader formats for his titles. Nevertheless, the CEO seemed to suggest that all divisions of the company were expected to rely on more than brand legacy alone (see Friedman video below). After a better-than-expected earnings report for the entire company, Bewkes also got a raise this year. His base salary was increased from $1.75 million to $2 million, and the target value of his long-term incentive compensation and bonus is up from $8.5 million to $10 million a year, the Wall Street Journal reports. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com COMMENTS
|
App Central min's App Central (for min subscribers only): Stay on top of mobile app developments with exclusive app reviews, analysis and data. 
Please enter the following information to have a link to The Skinny emailed to your iPhone:
White Papers
min Contests
EventsBest of the Web, April 3, 2012 min's Sales Executive of the Year Awards min Press
 Events Calendar
min's Best of the Web Awards |
.jpg)
Internet Sales Guidebook| Copyright © 2012 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Access Intelligence, LLC is prohibited. For more details please see Terms and Conditions. |
