They were unhappy with the way the business was shaping up. It wasn't producing the returns they wanted.
More Quotes from Harold Vogel:
It wouldn't be a giant leap of imagination for them to consider selling all of it. Even if they sold all of it, it's not clear that will generate significant stock appreciation for Time Warner.Harold Vogel
Technology is moving ahead with or without them, and if they don't try to find a new business model, they're going to be stuck with the old business, which is in decline.
Harold Vogel
In reality, that was going to be very messy from an antitrust standpoint and meet a lot of resistance from the top management at Hasbro. That was a whole different story,
Harold Vogel
They'll project how much each film can generate. The difficulty is, probably only the top 10 films generate 80 percent of the income.
Harold Vogel
Probably this will raise the cost of programming across the board for all of the networks, and this is not a positive element for network profits if advertising growth flattens out, which it very well may over the course of three or four years, ... In fact, it is almost a certainty that over that length of time you are going to have an economic slowdown.
Harold Vogel
Now, ... instead of sacrificing to build assets, he is in effect trying to raise shareholder value and he was under pressure to do so because News Corp. stock was selling below the average of the other major entertainment and media companies.
Harold Vogel
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