[$$] Betting on a Happy Ending (at Barron's Online)

Word Count: 1,748 | Companies Featured in This Article: Time Warner, Walt Disney, Viacom , Google, CBS, Viacom WHEN TIME WARNER CEO Jeffrey Bewkes took the reins of the media giant from Richard Parsons in January, Wall Street was crying for change. Six months later Bewkes, 56, has delivered, announcing the spinoff of the company's 84% stake in Time Warner Cable in a deal that will net Time Warner more than $9.25 billion in a cash dividend. Yet, instead of cheering, shareholders -- who could end up pocketing some of that stash in the form of enhanced dividends themselves -- have dumped the stock, hand over fist, leaving Time Warner (ticker: TWX) at 14.69, down about 12% this ... • THE FULL BARRON'S ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS. • IF YOU ARE ALREADY A SUBSCRIBER, PLEASE LOG IN AT THE TOP RIGHT OF... [read full story]