CHARLOTTE, N.C. -- Nazr Mohammed rarely played late last season, yet even the little-used center got wrapped up in the energy that permeated the Bobcats for a brief time.
First, I need to disclose that as a loyal Time Warner employee, I've been a shareholder for a long time. Now after a series of exhorbitant deals that handed all the wealth we'd accumulated in decades to the owners of Warner, Turner and AOL, the media giant has at long last embraced a strategy that puts stockholders first.
Jeffrey Bewkes, had a tough first year as CEO of Time Warner. The media giant posted its first annual loss in six years after writing down the values of its cable unit, AOL and its publishing arm, Time Inc. (parent company of Fortune). <P>Now Time Warner sees flat earnings in 2009 amid a tough ad market. On the plus side, the company was able to spin off Time Warner Cable, and in a vote of confidence for the perpetually ailing AOL, Google's top ad sales executive, Tim Armstrong was tapped to head the Internet unit. - <I>J.Y.</I>
Charter Communications, a provider of cable TV, Internet and other broadband services, said on Thursday that it will file for bankruptcy, as part of a "financial restructuring."
Stocks rallied Friday, with investors starting off a new year on the right foot, after an abysmal 2008, and the Dow closing above 9,000 for the first time since November.
Stocks inched higher Friday morning as investors said good riddance to one of the worst years on record - but showed caution on the first trading day of the new year.
Time Warner Cable and Viacom worked Thursday to finalize details on an agreement that will allow TWC customers to continue to watch programming on Viacom's MTV Networks, said TWC president and CEO Glenn Britt.
Time Warner Cable and Viacom worked Thursday to finalize details on an agreement that will allow TWC customers to continue to watch programming on Viacom's MTV Networks, said TWC president and CEO Glenn Britt.
Can you live without "The Daily Show with Jon Stewart" and "The Hills"?
People in southern California dropped simultaneously to ground Thursday morning, huddled under tables and held on for about a minute in what is being billed as the largest earthquake drill in history.
CHARLOTTE, N.C. -- Nazr Mohammed rarely played late last season, yet even the little-used center got wrapped up in the energy that permeated the Bobcats for a brief time.
First, I need to disclose that as a loyal Time Warner employee, I've been a shareholder for a long time. Now after a series of exhorbitant deals that handed all the wealth we'd accumulated in decades to the owners of Warner, Turner and AOL, the media giant has at long last embraced a strategy that puts stockholders first.
Jeffrey Bewkes, had a tough first year as CEO of Time Warner. The media giant posted its first annual loss in six years after writing down the values of its cable unit, AOL and its publishing arm, Time Inc. (parent company of Fortune). <P>Now Time Warner sees flat earnings in 2009 amid a tough ad market. On the plus side, the company was able to spin off Time Warner Cable, and in a vote of confidence for the perpetually ailing AOL, Google's top ad sales executive, Tim Armstrong was tapped to head the Internet unit. - <I>J.Y.</I>
Charter Communications, a provider of cable TV, Internet and other broadband services, said on Thursday that it will file for bankruptcy, as part of a "financial restructuring."
Stocks rallied Friday, with investors starting off a new year on the right foot, after an abysmal 2008, and the Dow closing above 9,000 for the first time since November.
Stocks inched higher Friday morning as investors said good riddance to one of the worst years on record - but showed caution on the first trading day of the new year.
Time Warner Cable and Viacom worked Thursday to finalize details on an agreement that will allow TWC customers to continue to watch programming on Viacom's MTV Networks, said TWC president and CEO Glenn Britt.
Time Warner Cable and Viacom worked Thursday to finalize details on an agreement that will allow TWC customers to continue to watch programming on Viacom's MTV Networks, said TWC president and CEO Glenn Britt.
Can you live without "The Daily Show with Jon Stewart" and "The Hills"?
People in southern California dropped simultaneously to ground Thursday morning, huddled under tables and held on for about a minute in what is being billed as the largest earthquake drill in history.
For America's media conglomerates, it's getting Darwinian out there - and the next stage of their evolution could come quickly.
Verizon, Sprint and Time Warner Cable have agreed with New York state officials to block access to child pornography
Time Warner is dangling an eye-popping $10.9 billion gift to shareholders as part of its spinoff of Time Warner Cable. But it's a gift that will keep on taking in the form of $10 billion in additional debt and a heavy financing burden shifted to the cable unit.
Just as the race for your TV, phone and Internet dollar speeds up, the gains for the companies peddling the triple-play service bundles have slowed to a crawl.
Clearwire and Sprint Nextel will combine their wireless broadband units to create a $14.55 billion communications company
As the bloody battle over subscribers between Comcast and its phone and satellite rivals continues at a virtual draw, the cable giant is looking ahead to a new wireless broadband arena: WiMax.
Verizon Communications Inc.'s first-quarter earnings met Wall Street expectations Monday on strong growth in sales of home fiber-optic services and strong wireless customer additions.
WiMax may not be dead after all.
U.S. stock futures fell early Wednesday after talk of the collapse of the $19 billion sale of radio broadcaster Clear Channels spurred a new round of credit fears.
Time Warner's new chief executive officer confirmed Wednesday that the media company is separating its struggling AOL access business from the division's growing online advertising business, a move that could lead to the sale of the traditional dial-up unit.
A strong reading on productivity and solid media earnings could help stocks rebound Wednesday, after recession fears sparked the biggest sell-off in nearly a year.
Are we heading into a recession? Wall Street may have a better idea after three big media companies report quarterly results this week.
Comcast CEO Brian Roberts says he remembers walking around the Consumer Electronics Show five years ago with Time Warner Cable CEO Glenn Britt. He recalls seeing a big presence from his rivals in the satellite-television business. His own industry, by contrast, was nowhere to be found.
Analysis: It may have caved in allowing all its fans to watch the Patriots play for an undefeated season, but the league network's battle with cable companies is far from over
The phone business has been very good to the cable industry.
Wayne H. Davis doesn't look like much of a rabble-rouser. A tall, balding 53-year-old, Davis has the unassuming demeanor of a high school math teacher. And the way he peppers his conversations with acronyms, he sounds more like an engineer (which he is) than an agitator.
U.S. stocks appeared set for a tough open Wednesday as investors struggled to maintain their poise in the face of ongoing credit problems and a heavy economic calendar.
U.S. stocks, after slipping into a correction, opened Tuesday on the upside as investors watched oil prices fall and weighed news that a Middle East government was investing $7.5 billion in embattled Citigroup.
U.S. stocks appeared poised for recovery Tuesday after sinking into a correction the previous session, as investors watched oil prices fall and weighed news that a Middle East government was investing $7.5 billion in embattled Citigroup.
Michigan-Ohio State. Yankees-Red Sox. Duke-North Carolina. When bitter sports rivals backed by massive resources face off against one another, fans are typically the winners.
There were no major surprises in the third-quarter earnings report of Time Warner, the world's largest media conglomerate.
Time Warner, the world's largest media conglomerate, reported third-quarter earnings that met Wall Street expectations on better than expected revenue. The company also reaffirmed its outlook for the rest of the year and announced an acquisition by its online unit.
After a more than five-year stint running media conglomerate Time Warner, chairman and chief executive officer Richard Parsons announced Monday that he will resign as CEO as of Jan. 1, 2008.
The New York Mets lost more than a playoff spot, their pride and probably some of their fan base this past week. The franchise lost millions of dollars, while the players themselves lost at least $20,000 apiece, if not hundreds of thousands of dollars.
In the latest sign of problems in the credit markets, private equity firm Carlyle Group has indefinitely postponed the sale of a cable company because bidders did not meet its price, according to a published report.
Qwest Communications International Inc. said Wednesday its second-quarter profit rose as the telecommunications carrier trimmed costs, but the results were slightly short of market expectations.
A year ago, Time Warner finally relented to market pressure and decided to stop charging broadband customers for its AOL service access fees. Faced with a steadily declining AOL subscriber base, Time Warner made the decision to focus more on the rapidly growing online advertising market and make much of AOL's services free.
The big cable companies and the telco giants are engaging in a battle for your living room. At stake are the dollars you spend on your phone, television and Internet access service.
Time Warner, the world's largest media company, reported better-than-expected earnings for the first quarter Wednesday thanks to robust results from its cable business and improved profits at its AOL division.
Stock futures turned higher Tuesday morning after a tame reading on core inflation and surprisingly robust housing numbers.
It's been a tumultuous couple of months for Sprint Nextel, and that has led to some speculation that the wireless company could be a takeover target.
Time Warner, the world's largest media company, announced Tuesday that its Time Warner Cable unit has become a publicly traded firm and that shares should start trading as early as March 1.
Sex sells. Or does it?
Who is Glenn Britt? Unless you work in the cable industry, or you're a particularly observant owner of Time Warner stock, you've probably never heard of Britt, who happens to be CEO of the media conglomerate's cable unit.
Shares of Time Warner Cable, the second largest cable company in the U.S., could hit the market within the next few weeks, analysts said.
Thanksgiving, a day given to excess, will include a third helping of pro football this year -- but only for a fraction of U.S. homes.
Investors will be keeping their eyes on oil prices and a new round of economic readings, along with sales and earnings reports due Wednesday.
No wonder Time Warner CEO Dick Parsons likes the cable business so much.
Are cable stocks cheap? Charles and James Dolan think so. In early October the Dolans, who own 22.5 percent of Cablevision stock and control 74 percent of the voting rights, offered to buy out publ...
This August is the most brutal month for the National Football League.
Amid all the coverage around AOL's new strategy, you might not have noticed that Time Warner (parent of CNNMoney.com and Fortune) made another big announcement this week: The company, along with Comcast, completed its acquisition of Adelphia's cable-television assets in a deal that makes Time Warner's cable unit the nation's third-largest provider of multichannel programming behind Comcast and DirecTV.
Time Warner Cable's deal to buy Adelphia Communications will help the cable company bargain for better rates from programmers, although the costs savings won't likely be passed on to consumers, according to a report in The New York Times on Monday.
ATLANTA (Reuters) - Sprint Nextel Corp., the No. 3 U.S. wireless service, has seen interest from other cable television companies wanting to join its venture with four cable TV providers, its top executive said Monday.
SAN FRANCISCO (Business 2.0 Magazine) - Open source is red-hot again, with larger companies on the hunt for startups to buy. Red Hat's just-announced $350 million acquisition of JBoss is the latest deal in a shopping spree that began when Oracle bought Sleepycat in February. JBoss was also rumored to be on Oracle's acquisition list, and the company had been mulling an IPO. Instead, Red Hat landed JBoss, which will help the company expand beyond just selling operating systems. JBoss's open-source application server is a key software component which helps link Web servers and databases.
NEW YORK (CNNMoney.com) - It's hard to find an industry more under siege than cable.
Interactive TV may finally be ready for prime time, and it could be a way to wean consumers off TiVo-style commercial-skipping. The technology, which lets viewers change camera angles and shop usin...
Time Warner Inc. said Wednesday it's increasing its planned share buyback to $12.5 billion, responding to demands of financier Carl Icahn.
NBC and Time Warner Cable announced a joint venture Monday that will allow cable company customers to catch up on their favorite network programs.
Dear Time Warner Shareholder:
Earnings fell at Time Warner Inc., as the world's largest media conglomerate missed Wall Street forecasts and announced Wednesday that it is setting aside $3 billion to settle securities litigation.
Thomas Bleha believes the United States stands to lose big if it keeps slipping behind other countries in the percentage of citizens with high-speed Internet access.
Time Warner is considering spinning off Internet service provider America Online in combination with its cable operations, according to a published report Wednesday.
The telecommunications industry isn't exactly known for having great service -- and a study released Monday confirms that many businesses aren't overjoyed with their telecom service providers.
Comcast Corp. may look to make its own deal with a wireless phone provider rather than working with a previously announced consortium of cable providers, according to a published report.
About one in ten U.S. cable subscribers would get a new provider as the result of the $17.6 billion deal unveiled Thursday in which Comcast Corp. and Time Warner Corp. agreed to jointly buy Adelphia Communications as well as swap some of their own cable customers.
Winning bids on eBay and wireless connections on Motorola phones could combine to lift U.S. stocks when markets open Thursday.
A continued retreat in oil prices could again give stocks a lift early Wednesday as investors weigh deals and the first of the first-quarter earnings reports.
Three senior executives have left Time Warner Cable as part of a broad management shakeup, a company spokesman confirmed Friday.
The newest Internet revolution has arrived. You can now make and receive phone calls via a high-speed Internet connection by subscribing to a service known as voice over Internet protocol. VOIP, fo...
AT&T, which is moving away from providing traditional phone service to residential customers, is teaming with the nation's largest cable operators to offer phone service over the Internet, according to a published report.
The New York Yankees and Boston Red Sox, fierce rivals on the field, could soon be partners in their off-field broadcasting business, according to a published report.
Time Warner Inc. is launching an on-demand music video digital cable network, using content from its America Online unit, the company announced Friday.
This past summer things looked pretty bleak for 8x8. Quarterly losses at the tiny Santa Clara, Calif., firm were $1.5 million on shrinking revenues of $1.6 million. Meanwhile the stock was stuck at...
Not only does Parsons sit atop the world's largest media company--an empire that includes movies, music, television, cable and online services, and FORTUNE publisher Time Inc.--it looks as if he ma...
During the mid-1990s, the cable industry wanted nothing more than to be just like the telecom sector. That's one wish it would love to take back.
After a decade of hype and dozens of trial runs in the hinterlands, video-on-demand over cable TV is finally ready for prime time. That may be welcome news for viewers--but it threatens the economi...
Does $159 a month sound like an outlandish amount to pay for your AOL service? Even as chastened executives of the year-old AOL Time Warner (parent of FORTUNE's publisher) are pledging to underprom...
Like the brain-sucking zombies in Night of the Living Dead, new video-on-demand schemes are coming back from the grave to break into your house. Once again, they're fed by the untested premise that...
In the green room of Trackers, a television show you've probably never heard of, Richie Mills, the drummer of Sunna, a band you've probably never heard of, tells me he's never heard of Oxygen Media...
As America Online and Time Warner seek government approval for their merger, the long-running battle over access to the merged company's cable systems has obscured a simple truth: Everyone involved...
THREE MONTHS AGO THIS COLUMN RECOMmended Westinghouse's downtrodden $14 stock as a low-risk way to capitalize on the media industry's obsession with megamergers. Then, many Wall Streeters carped th...
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