Time Warner Inc News
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Billionaire investor Daniel Loeb’s proposal to separate Sony Corp.’s movie, music and TV businesses would give the Tokyo-based company a chance to join the 3 1/2- year media rally it has missed.
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Time Warner Inc.’s TBS and TNT channels will begin streaming their content online 24 hours a day this summer, letting pay-TV subscribers watch the networks using the Web or a mobile-device application.
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Potential acquirers who agree with Corvex Management LP that TW Telecom Inc. is an attractive takeover candidate would have to pay one of the industry’s highest valuations to get a deal done.
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Bruce Rosenblum, Warner Bros.’ head of television, will step down after losing a competition to become chief executive officer of Time Warner Inc.’s entire entertainment unit, a person with knowledge of the matter said.
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Movies about musicians starring Justin Timberlake and Matt Damon are among the 20 contenders for the Palme d’Or at this year’s Cannes Film Festival, where Steven Spielberg will steer a nine-member jury.
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“Iron Man 3” took in $72.5 million in ticket sales to retain first place at U.S. and Canadian cinemas for a second weekend for Walt Disney Co.’s Marvel unit.
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CNN President Jeff Zucker, who unveiled a new morning show today in a bid to revitalize the business, said it may take three years or more before the news network challenges Fox News.
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Critics can’t stand director Baz Luhrmann’s 3-D, hip-hop take on novelist F. Scott Fitzgerald’s Roaring 20s love tale “The Great Gatsby.” Fans can’t wait.
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Brandon Freiman was sizing up water investments for KKR & Co.’s $4.6 billion infrastructure fund in 2011 when he came across a debt-burdened New Jersey city that Tony Soprano skirts by to open the Time Warner Inc. HBO series.
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Scottish managers of U.S. stock funds are counting on companies such as Time Warner Inc., Harley- Davidson Inc. and TJX Cos. to tap recovering consumer demand in the world’s largest economy.
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