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Jeff Bewkes Motivates Remaining Time Warner Employees With Management-Speak [Internal Memos]

Source: Valleywag

Nov 04, 2009

Summary

Following encouraging quarterly earnings, Time Warner CEO Jeff Bewkes sent this internal memo out to his minions, instructing them how to innovate for future success, provided they're not laid off in the next couple months.

November 4, 2009

To: Time Warner Colleagues

From: Jeff Bewkes

Subject: Innovating for Future Success

We've had a lot of good news this past quarter, despite the tough economy. Our financial performance exceeded expectations and kept us on track to post solid results for the full year. So we have raised our business outlook for 2009. We also expect to spin off AOL by the end of the year and become a more content-focused media company. In addition, we're making strong progress on our key operating objectives. Our financial and strategic successes give me confidence that we'll be well positioned to drive steady and attractive returns to shareholders next year and into the future.

In the third quarter, our overall adjusted OIBDA was 9% lower than in the same period last year. But, importantly, our Content Group businesses that will soon make

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