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Time Warner is girding to fight Murdoch's takeover offer
Time Warner is girding to fight Murdoch's takeover offer

Time Warner Chairman and Chief Executive Jeff Bewkes is in an uncomfortable position: The cross hairs of Rupert Murdoch. For the last six years, Bewkes has presided over Time Warner, a genteel media company known for its sterling assets such as HBO, CNN and Warner Bros. movie and television studio. He has also systematically shed problematic assets, including AOL and magazine unit Time Inc. The reshaping of Time Warner made the company more lean but inadvertently made it a perfect takeover target. And now Murdoch and his 21st Century Fox team are banging on the door. "Time Warner will turn hostile and do everything in its power to prevent being taken over," predicted longtime...

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