Time Warner in ‘Game of Chicken’ as CEO Mulls Options

Hollywood Reporter: Despite cost-cutting efforts, the world (or Wall Street) mostly has conspired against efforts by Jeff Bewkes to defend his turf. Investors have chosen to believe digital media’s self-interested case for cord-cutting and the inevitable fall of traditional television delivery; what’s more, Wall Street believes the high stock prices of tech companies, such as Amazon or Apple or Alphabet, offer a perfect currency for buying media companies.