Time Warner Chief Bewkes Says Buying MGM Studio Makes Sense at Right Price

Time Warner Inc. Chief Executive Officer Jeff Bewkes said that buying the Metro-Goldwyn-Mayer Inc. film studio “could make sense, but only at the right price.”

Time Warner doesn’t need to buy the studio and has walked away from acquiring it before, Bewkes said in response to a question on the company’s earnings conference call today.

To contact the reporter on this story: Sarah Rabil in New York at srabil@bloomberg.net

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