At Time Warner, Time for Change

Challenges lie ahead for Jeff Bewkes, new CEO of the stagnating media behemoth. May we suggest bringing New Line Cinema into the fold?

No one knows better than a media executive that first acts have to wow the audience. And for Jeff Bewkes, the freshly minted Time Warner (TWX) chief executive officer, it's darn near show time. His media empire is in need of a drastic overhaul, and Wall Street can be a very demanding audience. The expectation is that Bewkes, who began his 29-year career as a financial wonk at HBO, will make major changes at the $44 billion behemoth.

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