Warner Bros. Squeezed by Jeff Bewkes Strategy — hollywoodreporter.com

This story first appeared in the Sept. 19 issue of The Hollywood Reporter magazine. Welcome to the incredible shrinking Time Warner. Having shot down an $80 billion bid from Rupert Murdoch's 21st Century Fox, Time Warner CEO Jeff Bewkes could have fortified his company against other takeover attempts by making a big acquisition himself. But after years of shedding such businesses as Time Warner Cable, AOL and Time Inc., Bewkes and his team are continuing to trim. Two of its three main divisions -- Warner Bros. Entertainment and Turner Broadcasting -- are beginning new job cuts.

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