NEW YORK — The news came as HBO’s parent company, Time Warner, outlined its plan for growth during an investor meeting. Three months after rejecting an $80 billion takeover from Rupert Murdoch’s 21st Century Fox, Jeffrey L. Bewkes, chief executive of Time Warner, is being forced to make his case that Time Warner is better off going it alone.
That strategy includes a combination of increasing original programming, exploiting digital business opportunities, expanding internationally, and cutting costs across Time Warner’s television and film properties, which include the HBO network, Turner cable networks, and Warner Bros. film studios.
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Bewkes said it was a “new era” for the company and investors could expect Time Warner to more than double its earnings in the coming years.
The stakes are high. Time Warner now stands alone as a pure entertainment group after Bewkes shed the conglomerate’s cable, Internet, and magazine businesses in recent years.
“We have transformed our company to take advantage of these opportunities,” Bewkes said. “We now have a unique combination of global scale and at the same time an intense focus on great video content.”
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