Rank: 48 (Previous rank: 49)
Compare tool: Time Warner vs. Top 10
CEO: Jeffrey L. Bewkes
Address: 1 Time Warner Center
New York, NY 10019
Jeffrey Bewkes, had a tough first year as CEO of Time Warner. The media giant posted its first annual loss in six years after writing down the values of its cable unit, AOL and its publishing arm, Time Inc. (parent company of Fortune).
Now Time Warner sees flat earnings in 2009 amid a tough ad market. On the plus side, the company was able to spin off Time Warner Cable, and in a vote of confidence for the perpetually ailing AOL, Google's top ad sales executive, Tim Armstrong was tapped to head the Internet unit. - J.Y.
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