• New York Times, Tuesday, November 1, 2011 3 PM

Time Warner, like most big companies today, needs to cut costs -- but the only specifics mentioned in this piece are real-estate  (the Time Warner headquarters in Manhattan is called an "indulgence" by Chairman and Chief Executive Jeffrey L. Bewkes) and consolidation of shared services throughout the company -- which undoubtedly means some layoffs in departments like human resources.

The company expects to use the $500 million or so saved to invest in "programming, journalism and digital translations of our products,” says Bewkes.

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