Media has been in chaos these days. Profit, revenue, pressure from Wall Street. It's such a good time to be in the media career since there is chance to find big opportunity. Jeff Bewkes is named to be CEO of Time Warner Inc., the world's largest media company, replacing Richard Parsons on Jan 1 next year.
The annoucement came one day before the earnings is reported tomorrow.
A common question among the high growth industry is if they should make as much acquisition as possible. It will be a pity to lose the opportunity to buy, but it will also be a pity when the acquistion doesn't bring any value. Time Warner still suffers from its AOL operation, while Ebay got trouble in generating value from Skype. So be cautious when making acquisition.