Time Warner stock has risen 37% in the past year in its current form as a TV and film-centric company, though operating income at Time Inc. fell 25% from 2011 to 2012.

Wednesday’s reports that the company is in negotiations to divest most of its Time Inc. magazine unit — a move anticipated for many years even as the company’s management downplayed that speculation — indicate that Bewkes is about to complete his goal of focusing Time Warner on its main competencies.

Following a seven-year stint as chief executive of HBO, Bewkes became chairman of the Entertainment & Networks Group at what was then AOL Time Warner in 2002, overseeing Warner Bros., the Turner cable networks and HBO. He was named Time Warner’s president and chief operating officer in 2005, and then, three years later, the company’s CEO.

Bewkes was leading HBO when it came up with original-series hits like “The Sopranos” and “Sex In The City,” and presided over the huge growth of the DVD format when his role expanded to the larger company. His units were hitting their targets and adapting to change while AOL Time Warner stock cratered due to staggering losses at AOL, Ted Turner’s stormy departure, and other problems. The stock plunged from a split-adjusted $71 in January 2000 to $8.70 by July 2003.

He watched as his predecessor, Dick Parsons, combatted Carl Icahn and other shareholders who couldn’t see why Time Warner Cable wasn’t spun off, or why the company was trying to “unlock value” in an entity as archaic as AOL, as the shares continued to sputter.

Not long after he became CEO, the media and entertainment industries were rocked by a recession. This was no time to be saddled with AOL or advertising declines at Time Inc., and even subscriber growth at Time Warner Cable inevitably slowed.

Therefore, when the opportunities have come to walk away from each of those  assets, Bewkes has done so.

Maybe he’s right — there are more than enough challenges ahead in the TV and movie industries to keep a big conglomerate busy.

With the appointment late last month of new Warner Bros. CEO Kevin Tsujihara, Bewkes has signaled his intention to zero in on preparing Time Warner for the digital future, the one that portends ominous (for the studios) changes in the traditional economic model. There’s plenty to think about at the Turner networks, as well, with rising costs, stiffer competition and other hurdles.

1944 Motion Pictures 3c

This stamp commemorates the 50th anniversary of the creation of motion pictures (movies).

I got to watch this the other night. I’ve been trying to watch every good movie that was ever filmed in NY.

This is the kind of movie you watch today and it’s not just a dope movie, it’s a historical picture. This was not that long ago, even though it seems that way. It’s the same New York. It’s not based on a true story and some of the performances may be overacted a little,  but from what I’ve learned from old school New Yorkers, this isn’t so far off.

These 3 guys robbed a mafia safehouse for 300,000$ and took out some cops in the process. So they have not only the italian mob headed by a guy who has no problem using the N word in the most negative way, but the cops are after them too. Anthony Quinn plays the “old boys” Captain about to retire when this happens and the new Lieutenant is going to take charge, except the new Lieutenant happens to be black, and this change of power is something these 2 guys have to work through, the first with his lifetime of bias to get over.

All of the acting in this is good to great. I found this looking for more stuff Anthony Quinn is in, a favorite actor of mine.. everyone in this was good though. Real s#%t.  Some of the scenes are really powerful and all of the action scenes are some dope pre-computers realFX ish

#itsOnNetflix

Peace

~t

ps – i’ma do more of these

Oh and I forgot to say the soundtrack is great too. Check it