Bewkes Promises New TW Era

Mar 31, 2009  •  Post A Comment

Time Warner CEO Jeffrey Bewkes sent a memo to the company’s staff promising “a new era” after Time Warner Cable had its first trading session following its spinoff from the media company, the Hollywood Reporter says. “We’re committed to investing more money than last year in the top-notch content that defines our brands—while we run our businesses more efficiently than ever,” Bewkes wrote, the trade paper says. Time Warner shares declined 4.6% Monday, while Time Warner Cable shares slipped 4.1%, the publication says.
—Aimee Picchi

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