Topic: Time Warner Inc.

Ailing studio MGM facing bankruptcy next month

LOS ANGELES (Hollywood Reporter) - Things are going so badly with MGM's restructuring review that a forced bankruptcy is a real possibility by September 15. Then again, lenders don't want to lose control of the studio's lucrative James Bond movie rights. So ...
Former Internet star AOL said Thursday it is to slash 2,500 jobs, one-third of its workforce, as it prepares to break free from Time Warner after one of the most disastrous mergers in corporate history. The cuts are part of a plan ...

AOL to shed 2,500 jobs in spinoff from Time Warner

AOL will cuts some 2,500 jobs, or one-third or its workforce, under the plan to spin off the Internet firm from media giant Time Warner, company officials said Thursday. The cuts are part of a plan to save 300 million dollars at ...
Time Warner buys back Google's AOL stake for $283M, giving AOL less than $5.66B market valueTime Warner Inc. bought back Google Inc.'s 5 percent stake in struggling Internet company AOL LLC for $283 million, according to a regulatory filing by AOL on ...

Time Warner to spin off ailing AOL

Time Warner announced plans on Thursday to spin off its troubled AOL Internet unit by the end of the year, bringing to a close one of the most disastrous corporate mergers in history. The US media and entertainment giant said its board ...

Time Warner announces plan to spin off AOL

Time Warner announced on Thursday that it plans to spin off troubled Internet unit AOL before the end of the year. Copyright 2009 AFP American Edition
Time Warner Inc. says its board has approved plans to spin off AOLTime Warner Inc. says its board has approved plans to spin off AOL, the company's lagging Internet unit. The New York company, which owns 95 percent of AOL, said Thursday ...
Warner Bros. Entertainment makes $33 million bid for Midway Games assetsWarner Bros. Entertainment Inc. has made a $33 million bid for the majority of U.S. assets held by "Mortal Kombat" video game franchise owner Midway Games Inc., which filed for bankruptcy earlier ...
Time Warner to invest $241.5M for 31 percent stake in Lauder's Central European MediaTime Warner Inc. said Monday it will pay $241.5 million for a 31 percent stake in Central European Media Enterprises Ltd., the Bermuda-based broadcast company founded by cosmetics billionaire ...
One deal too many. That could be the epitaph of many CEOs -- Jerry Levin of Time Warner (TWX) and Ken Thompson of Wachovia (WFC) come to mind -- who built their companies through ever-bigger mergers and then watched those crowning acquisitions ...