Having finally shed the millstone that was AOL, Time Warner can concentrate on doing what it does best: producing quality television programming, magazines (including Fortune), and motion pictures. In television, the media giant's biggest revenue generator, advertising subscriptions to its pay TV channels, are on the rise, thanks to a viewing audience that stayed home during the recession and watched more TV. Bewkes intends to increase that viewership via his "TV Everywhere" philosophy, i.e., leveraging new digital platforms to get programming wherever watchers want it.
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