If Time Warner Inc. CEO Jeffrey Bewkes isn’t aware of all the media he controls, give him a break. After all, he has a lot on his plate: CNN, HBO, Warner Bros. film studios, TNT, TBS, Cartoon Network … and oh, Time Inc., the magazine publisher.
Presenting at the Deutsche Bank media conference in Palm Beach, Florida, Bewkes was asked about reports that one of his divisions, Time Inc., has entered into merger negotiations with magazine publisher Meredith Corp.
Bewkes responded, “The press is very active,” and followed that up by saying, “Who knows if they know what they’re talking about.”
For the record, Time Inc. publication Fortune Magazine broke the news about those merger discussions.
Who said print is dead?