Time Warner Shuttering New Line Studio, Firing Hundreds (TWX)

First major restructuring step at the Jeff Bewkes-era Time Warner: The company will merge its New Line movie studio into its bigger Warner Bros. unit, firing “hundreds” of the 600 New Line employees in the process. Not a surprise, as Bewkes had more or less said he was doing this earlier this month.

See Also: Time Warner Call: Bewkes Good, Outlook Poor

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.