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Producing a stronger, smaller and more unified Time Warner
Producing a stronger, smaller and more unified Time Warner

NEW YORK — Most media moguls spend their time building empires. Time Warner Inc. Chairman and Chief Executive Jeff Bewkes has spent the last several years dismantling one. Gone is AOL, the online platform that acquired Time Warner in 2000 in a deal now considered one of the worst in corporate history. Discarded too is Time Warner Cable, the nation's second-largest cable operator. Time Inc., the venerable magazine and publishing house, is next, with a spinoff planned for 2014. Even Bewkes' office at the posh Time Warner Center, overlooking Central Park, may soon be history. The company is expected to leave the luxurious address, a symbol of the excesses of the old Time...

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