Report: Time Warner CEO Bewkes Rethinking Reorganization Plans for Warner Bros.; TV Chief Rosenblum Still in Hunt for Top Job

Sep 2, 2010  •  Post A Comment

[UPDATED, 3:06 pm. PT with the final paragraph]

Time Warner Chairman and CEO Jeffrey Bewkes appears to be reconsidering some of his planned changes for leadership of Warner Bros., according to a report by veteran Hollywood journalists Kim Masters and Gregg Kilday in The Hollywood Reporter.

Executives Barry Meyer and Alan Horn previously seemed to be headed for retirement, the article says, but that move apparently now has a longer timetable than previously thought. Meyer is now generally expected to get an additional two years on his contract, according to the story.

A reorganization could be announced as early as this fall, the story says.

Bewkes is apparently juggling three candidates for the top job: Jeff Robinov, president of the Warner Bros. Pictures Group; Bruce Rosenblum, president of the Warner Bros. Television Group; and Kevin Tsujihara, president of the Warner Bros. Home Entertainment Group. But he isn’t quite ready to give the job to any of them, the story says.

The article continues, "…[A]ccording to several knowledgeable insiders and observers, the three contenders for promotion are like the porridge in Time Warner’s version of the Three Bears — none of them is just right.

"Running the digital unit, Tsujihara has business chops and a new-media background but lacks a track record on the creative side. Robinov has shown great strength running the movie division but lacks business experience and corporate polish. He also is going through a difficult marital split. And Rosenblum is rooted in television and has sharp corporate elbows. ‘If [Bewkes] thought one of these guys was an obvious candidate, there would be no discussion,’ a major Warner shareholder told THR."

In handicapping the three candidates the article says about Rosenblum, "The ace in Rosenblum’s hand may be that he’s following the same career track that Meyer himself took to the top. And there are those who argue that TV is the best training ground for the top executive suite — not just because of the revenue it rakes in but because television is intrinsically a more complicated, multifaceted business than film and requires a broader skill set.”



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