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TW entertainment units under scrutiny


March 18, 2008 The departure of HBO Entertainment president Carolyn Strauss is the latest indicator that Time Warner's entertainment divisions are in flux. Since Jeff Bewkes took over as CEO, the company has folded a movie studio, set about re-creating its specialty film operations and might soon examine its already arms-length relationship with the CW and broadcast television in general. At the same time, Time Warner has made significant investments in nonentertainment entities, last week spending $850 million for a social networking site, Bebo, with little potential to complement its film and television operations.

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