You've Got ... a Company to Fix!

Iria · Aug 9, 2006, 04:14 AM

Source: NewsWeek
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Aug. 14, 2006 issue - Jeff Bewkes wasn't very good at keeping his comments to himself. In 2000, when Bewkes was the CEO of HBO, he was critical of America Online's plan to purchase his network's parent company, Time Warner, for $182 billion in stock. The Internet bubble began bursting and deflated the worth of the new-media/old-media marriage before the deal was even official. (It ultimately shed more than $200 billion in shareholder value.) "You had to wonder if it were a good idea" to proceed, Bewkes tells NEWSWEEK. In 2001, while still at HBO, he piped up again when AOL started losing subscribers who wanted high-speed service. Bewkes pushed AOL to embrace broadband, but corporate bosses didn't heed his advice.

Aug 9, 2006, 04:14 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	You've Got ... a Company to Fix! Source: NewsWeek __________ Aug. 14, 2006 issue - Jeff Bewkes wasn't very good at keeping his comments to himself. In 2000, when Bewkes was the CEO of HBO, he was critical of America Online's plan to purchase his network's parent company, Time Warner, for $182 billion in stock. The Internet bubble began bursting and deflated the worth of the new-media/old-media marriage before the deal was even official. (It ultimately shed more than $200 billion in shareholder value.) "You had to wonder if it were a good idea" to proceed, Bewkes tells NEWSWEEK. In 2001, while still at HBO, he piped up again when AOL started losing subscribers who wanted high-speed service. Bewkes pushed AOL to embrace broadband, but corporate bosses didn't heed his advice.