Time Warner to offer buyouts to employees

|About: Time Warner Inc. (TWX)|By:, SA News Editor

Time Warner’s (NYSE:TWX) Turner cable division (home of CNN, TNT, TBS and the Cartoon Network) will offer buyouts to more than 500 employees aimed at reducing the operating costs of the unit.

The move follows the rejection of a $71B takeover bid from Rupert Murdoch and suggests how Time Warner can better achieve growth and shareholder returns as an independent company.

Turner accounts for more than half of Time Warner’s operating income.