The Time Warner building is shown Wednesday, Feb. 1, 2006 in New York. The New York-based media conglomerate, whose huge array of media properties includes HBO, CNN, Warner Bros. and Time magazine, is under attack by shareholder Carl Icahn. (AP Photo/Mark Lennihan)
AP - Financier Carl Icahn proposed Tuesday that Time Warner Inc. be broken up into four separate companies, saying the media conglomerate had been poorly managed and focused excessively on the short term. |