Jim Cramer on Time Warner: Bewkes Is Sticking Around

Time Warner (TWX) CEO Jeffrey Bewkes is saying in his role, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. "Bewkes is doing well," Cramer says. AT&T (T) - Get Report agreed to purchase Time Warner for $85.4 billion in a deal announced last month that faces a year of regulatory hurdles. Time Warner owns legendary media brands such as CNN, HBO, TNT and TBS, among others. Time Warner reported third quarter earnings on Wednesday that topped Wall Street's top and bottom line estimates, sending shares higher.