Time Warner Sheds Weight

By: Chris Mars

Time Warner is finally saying goodbye to AOL after what was considered as one of the worst deals in corporate history. The 2001 deal allows Time Warner to become a more content-focused company and "reach new heights" according to Chief Executive Jeff Bewekes.

Even though the company has shed the extra weight of AOL they still have more cutting ahead. Bewekes says "These measures are often difficult, especially when they involve jobs and benefits, but they're sometimes necessary to keep the business strong."

Time Warner also looks to revamp their publishing division which consists of magazines like People, Time, Sports Illustrated and Entertainment weekly. This just goes to show that minor changes will not suffice and a complete makeover is needed to stay on top.

Photo Credit: Prisionplanet.com

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