Time Warner Inc. might offer as much as $1.5 billion dollars for MGM, according to Bloomberg News.
What do you get for that?
Well, a 4,100-title library, the James Bond franchise, the Pink Panther franchise, part of the upcoming Hobbit movie, some television channels, and the rights to the show Stargate.
Last year, according to Bloomberg, Read More
Did you notice all the gauzy coverage of the merger of America Online and Time Warner last month? It was pegged to the 10th anniversary of the deal, now widely derided as the “worst merger in history” and which cost shareholders more than $100 billion.
But it’s starting to feel like a long time ago Read More
In next week's Time magazine, Walter Isaacson turns his attention to the newspaper industry's troubles, asserting that the way publishers currently operate "is not a business model that makes sense."
Mr. Isaacson, the CEO of The Aspen Institute and the former top editor at Time, started his career in newspapers, and was also Read MoreAbout six months after Steven Feder, the psychic hot-line guru behind that pay-per-call legend Miss Cleo, bought a $24.5 million condo near Central Park, Cheryl Mercuris, who founded the telemarketing firm Quality Resources Inc., based in a 20,000-square-foot call center in Clearwater, Fla., paid $8.3 million for a duplex in the same building.
She’ll combine Read More
According to Reuters, Richard Parsons, Time Warner's chairman, is planning to step down in 2009. "This is my last shot at this," Parsons is quoted as saying during a shareholders meeting. "I will be the outgoing chairman after this year, probably."
Get ready for journalists to start another round of the "Richard Parsons, future Read More
The party was thrown at the Landmarc restaurant at Read More
Mr Bewkes has long been since as Mr. Parsons' heir apparent, and is considered more likely to shake up the company by, Read More
AOL spokesperson Anne Bentley said the move reflects a shift in AOL's priorities from its email, IM and internet access business focus to becoming a major player in the advertising industry.
“We’re Read More
Here's an interesting fight you probably haven't heard of, at least not yet.
In Utica, the Communication Workers of America has launched an agressive campaign against Time Warner, complete with print, radio and television ads.
The aim of the campaign is to enable 35 Time Warner employees unionize. Yes, that's a tiny number. But according Read More
Despite her salacious scandal earlier this year, CNBC’s top anchor, Maria (the “Money Honey”) Bartiromo, and husband Jonathan Steinberg are settling into domestic bliss: They’ve closed on a five-level townhouse on East 62nd Street, paying $6.5 million. The five-bedroom house, east of Third Avenue, has a second-floor balcony overlooking the 39-foot-long backyard garden, plus a Read More
Supermarket magnate John Catsimatidis thinks he’s figured out how to make himself Mayor in 2009. He’s got money, certainly. And he’s got connections: He’s a key bundler for Hillary Clinton and claims her husband, the former President, as a friend. All he needs now is a political party. He’s a Democrat, but he’s decided that Read More
Despite his illustriously shaggy hair and dirty mouth, sexagenarian Scottish comedian Billy Connolly isn’t (yet) a humor icon in America. Maybe that will change for New Yorkers: He and his wife Pamela, a comedienne turned psychotherapist, have bought an apartment in the Flatiron district. According to city records, they paid $3.85 million for a 10th-story Read More
Today, Time Inc. announced the closure of LIFE magazine, the thin Parade-like weekly newspaper supplement. The company will continue the LIFE brand online, and in books. Full release afer the jump TIME INC. TO CLOSE LIFE MAGAZINE NEWSPAPER SUPPLEMENT LIFE TO LAUNCH MASSIVE PHOTOGRAPHIC PORTAL Collection Contains 10 Million Photos; 97% Have Never Been Seen Read More
Bronx Borough President Adolfo Carrión thinks a lot about the year 2009. “In terms of candidates for Mayor?” he said in an interview. “What else is there, right?” He went down the list. There’s “my friend [City Comptroller] Billy Thompson, who was sitting in the front row when I gave my State of the Borough Read More
Journalists Sam Tait, Tony Best and I are going to moderate a televised forum for candidates in the special election to fill the City Council seat in Brooklyn that was recently vacated by Representative Yvette Clarke. It'll air tonight between 7:30 to 8:30 p.m. on Time Warner channel 56, and on CableVision channel Read More
