Conflicting Signals on Time Warner Cable? April 17, 2007Posted by David Card in Media.
These can’t both be true, can they?
Wall St. Journal
Inside Time Warner Inc., senior executives are considering what was once unthinkable: whether the world’s biggest media company should substantially reduce its cable-TV holdings over time. Cable has been a core part of the company and its precursors for decades and is now the biggest contributor to profits. But the long-term future of cable, as the Internet emerges as a viable venue for watching TV, is murky. Some within Time Warner wonder whether the company wouldn’t be better off if it were to get out of cable and double down on the Web — where it already owns AOL — by buying another major Internet company…
..But Jeff Bewkes doesn’t want to follow fashion; he wants to talk TV.”Television is very important and increasing in value, and network-based interactive TV is very powerful” — even more powerful, he said, than the internet.