Time Warner Promises Double Earnings to Investors

Jeff Bewkes (pictured above) wasted little time at putting his investors’ worries to rest at the company’s annual conglom’s investor presentation, by announcing double earnings in the near future while showing the door to a yet unnamed number of employees at Warner Bros, a unit of Time Warner, which is meant to help it shed 200 million in overhead a year.

Luckily these layoffs or driven by overcrowding and the frustrating problem of too many people around to do too little work, oh wait that isn’t the reason at all. Oh well. Here we go again.