The chief executive of Turner Broadcasting, John Martin, “said the company’s TV assets — including CNN and TNT — could soon see a spike in revenue and reach. Several big global companies are exploring the idea of delivering skinny TV bundles, including Turner’s brands, Martin said.”
So reports our good friend Claire Atkinson in the New York Post. She adds, “Martin added that he had taken $500 million in costs out of the business and that Turner would be launching new businesses, including new subscription-video offerings.”
Furthermore, “On the topic of skinny bundles, he said there were too many channels in current pay-TV bundles and that Turner was ready to create brand extensions to tap the passions of fans beyond the TV screen. Turner accounts for $4 billion of Time Warner’s $6.8 billion in operating profits.”
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