The Presidential Daily Brief


  1. jeff bewkes

    Time Warner Extends CEO Jeff Bewkes to 2020

    They couldn’t cut the cord. The cable industry may be shifting but Time Warner couldn’t deny the bottom line: Stock prices have increased 162 percent since the 63-year-old took the reins in 2009, earning him a three-year extension on his contract. Bewkes has helped steer the media giant toward new platforms aimed at long-term security, highlighted by the launch of HBO GO, the premium network’s popular streaming service. Investors appear to like the move as well, with stocks jumping $1.63 to close at $70.25 a share.

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