Time Warner CEO Re-Ups and 3 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings is prepared to step down from Microsoft’s (NASDAQ:MSFT) board, he stated that the main issue that the software giant faces focuses on Windows 8 and the manner in which the company uses the new OS as a way to compete with “a better set of competitors than they’ve ever had, in Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL),” AllThingsD reports.
Time Warner Cable Inc. (NYSE:TWC): It has not yet been decided who will gain control at Warner Bros. early next year, but there is no question concerning who is controling Time Warner Inc., as Chairman and CEO Jeff Bewkes has re-upped with the conglomerate for an additional five years. “Jeff is a proven visionary when it comes to navigating the digital landscape,” Stephen F. Bollenbach, the lead independent director on Time Warner’s board, claimed in a statement. “Since becoming CEO in 2008, he has led the transformation of the company into a content-focused powerhouse while at the same time significantly increasing shareholder value.”
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Comcast Corporation (NASDAQ:CMCSA): NBC (NASDAQ:CMCSA) announced that it was the winner of the November sweeps ratings contest, as it has the most prime-time TV viewers in a key age group for advertisers for the first time in nine years, according to Bloomberg.
News Corp. (NASDAQ:NWSA) is now able to own a majority stake in Sky /Deutschland, a German pay-TV company, supported by German financial authorities, according to Reuters.