Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Time Warner shareholders could reportedly push to sell company or spinoff HBO
BackBack

Time Warner shareholders could reportedly push to sell company or spinoff HBO

Time Warner said in November that ratings for its key domestic entertainment networks had dropped more than anticipated

A file photo of the Time Warner Cable headquarters at Columbus Circle in the Manhattan borough of New York City. Photo: ReutersPremium
A file photo of the Time Warner Cable headquarters at Columbus Circle in the Manhattan borough of New York City. Photo: Reuters

Bengaluru: Activist shareholders could push media company Time Warner Inc. to sell itself or spin off its lucrative HBO business, The New York Post reported late on Thursday.

While the activist shareholders have not approached Time Warner officially, New York-based firm Corvex Management is planning a move, The New York Post reported, citing sources familiar with the situation.

Both Time Warner and Corvex Management could not immediately be reached for comments outside regular business hours.

Time Warner, the owner of cable channels TNT and TBS Cartoon Network, said in November that ratings for its “key" domestic entertainment networks had dropped more than anticipated.

The company said it was evaluating whether to keep rights for its shows longer for on-demand viewing instead of licensing them to services like Netflix Inc. or Amazon.com Inc. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 08 Jan 2016, 09:07 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie