Time Warner is unlikely to pursue television acquisitions in western Europe, its chief executive has revealed, as the group behind HBO, CNN and Warner Bros concentrates its capital on faster-growing international markets such as Latin America and eastern Europe.
“Going into a more static free to air business in a non-leadership position in a mature economy doesn’t really fit,” Time Warner’s strategy, Jeff Bewkes, chairman and chief executive, told the FT.
Time Warner would instead concentrate on opportunities to expand its branded cable and satellite channels and look at free-to-air broadcasters only in countries where such branded channels have yet to develop.
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