Time Warner CEO’s Independence Pitch Faces Murdoch Record

Jeff Bewkes says Time Warner Inc. is better off without Rupert Murdoch, who proposes to buy the entertainment giant for more than $75 billion.

He has this much going for him: Even before a stock-price surge this week, the company had produced a 114 percent return for investors since he took over as chief executive officer in 2008, more than Murdoch’s 21st Century Fox Inc.’s 90 percent.