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Time Warner

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Allow Colin Jost to Explain to You Your Time Warner Bill

Decoding your Time Warner bill can be confusing. So many charges! Luckily, SNL writer Colin Jost took to the pages of this week's New Yorker to break them down. I really need to get in touch with them about refunding the "What Ever Happened to [...]

By Adam Frucci

Eyebrows Are Raised Over Morgan Stanley

Morgan Stanley CEO John Mack grapples with plummeting profits and a rogue trader, a summer associate messes with the wrong guy at the company picnic, and Rachael Ray buys in the Hamptons, in our daily roundup of finance, law, media, and real-estate news.

Does Court Ruling Mean the Death of Superman?

After all, the argument goes, now these schmoes who are leeching off their father's legacy can force DC to stop printing Superman comics or demand that Warner Bros. stop making Superman movies!

As We Win One Hooker, We Lose Another

Andriea
In the excitement surrounding the unveiling of Kristen, the Jersey-grown hooker who (accidentally) brought Eliot Spitzer down, we almost missed the fact that last night, the city lost another famous prostitute. Andreia Schwartz, the "millionaire" madam who was arrested last year for running a brothel on West 58th Street where call girls got paid between $700 and $1,500 an hour (how quaint!), was quietly deported back to her native Brazil after twenty months in prison and, the Post tells us, serving as a source for the federal authorities who were probing Spitzer. Schwartz's biggest client was Time Warner CFO Wayne Pace, who she said paid her about $200,000 and helped her buy the apartment out of which she ran her business. He denied it and got off with only a terrible reputation, but now we're wondering … who were clients one through eight? Kinky Link to Brazil's Bombshell[NYP] Earlier: Eliot Spitzer's 'Kristen' Somehow Much More Adorable Than Anticipated

Jeff Bewkes Starts Cleaning House at Time Warner

MEDIA • At least 75 Time Warner layoffs are expected to be announced today. The layoffs are among CEO Jeff Bewkes's first public tasks since taking the helm of the company from Dick Parsons last month. Earlier today, Time Warner announced a 41 percent decline in fourth-quarter earnings. [MSNBC & AdAge] • Maybe some of those Time Warner folks can hang their hats over at Condé Nast. The Observer evaluates Portfolio's recent spending spree, during which it recruited top talent from The New Yorker, the Post, and the Times. [NYO] • (Product)Red, the love child of Bono, iPod, and the Gap, has raised more than $22 million for fighting HIV and AIDS in Africa. But considering the big advertising bucks spent during the Super Bowl and elsewhere, some are arguing that it's not enough. [NYT]

Rupert and Ted Dine À Deux

Ted Rupert
This is just embarrassing. With five tabloid gossip columns in this city and countless gossip Websites, and it was L.A. Weekly's Nikki Finke that spotted arch-rivals Ted Turner and Rupert Murdoch out on a lunch date together? Okay, granted, it was at Turner's restaurant, Ted's Montana Grill, so probably nobody was really looking, but still. This is what the Finkster has to report:
Sources said to me that the lunch was requested by Turner (est worth $2.3 bil) in an effort to "bury the hatchet" with Murdoch (est worth $8.8 bil). It came just days after a GQ interview was published with the CNN founder blaming the Fox News Channel founder for helping get America into the Iraq mess and labeling it "Rupert's war" — and FNC in response using air time to belittle and demean Turner as "off his rocker." Now, Murdoch can use the Wall Street Journal and new Fox Business Channel to belittle and demean Turner as well. "Ted reached out in the hope to make nice to Rupert now that he's the biggest media mogul in the world," a Murdoch insider told me. Did it work? "Rupert doesn't change anything. He still goes after anyone he wants."
As we all know, Murdoch's News Corp recently surpassed Time Warner as the globe's largest media conglomerate. We're guessing it was a testy lunch — for a brief run through of all the icky background between the two, see Finke's piece. In the meantime, we are totally going to start lurking around the Olive Garden in Times Square. We just know that's where Donald Trump and Rosie O'Donnell have been hanging out. Ted and Rupert Break Bread Together [Deadline Hollywood Daily]