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The Break up: Will Jeff Bewkes Viacomize Time Warner?

Published: Friday, October 26, 2007

With the keys to the biggest media company (in terms of assets) about to be handed to him, are investors expecting major changes under a Bewkes administration at Time Warner? Perhaps. Bewkes has said that corporate thug Carl Icahn's suggestion of a break up was a valid one and was still on the table. Is this a sign that he will seek to break off AOL and Time Inc to drive shareholder value? Or did he just say that at the time just for the sake of saying it. We think saying a suggestion like Icahn's was a valid one and is still on the table is Jeff keeping all options open in case he has to act fast which we guess is smart. But how would breaking up the company, if at all hurt his and Dick Parsons' relationship? Parsons was firm on his decision to not break up the company which at the time was backed by Bewkes. Is Jeff waiting to grab the CEO title so his true colors can shine? As you can imagine we're really anxious about this announcement as you can see by our estimated count down clock to the start of the Bewkes era.

Bewkes appears likely to receive a steady picture at Time Warner [FT]

Labels: BREAKUP, CarlIcahn, DickParsons, JeffBewkes, THE_BEWKES_ADMINISTRATION, TimeWarner

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