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CBS Corp.
Turner Broadcasting Ends a Tough Week of Write-Downs, Layoffs and Exec Uncertainty

LOS ANGELES ( - The big news from HBO at Time Warner's investor meeting Wednesday overshadowed another surprise announcement that Turner Broadcasting would take a $400 million write-down on programming expenditures. Turner execs didn't elaborate on the specific shows that would be written off, nor would execs comment on the matter. But the $400 million figure was seen as a stunner by seasoned industry observers -- and more evidence that the management of Turner's cablers is in need of an overhaul. Sources say a significant portion of the write-down is coming from two megabuck off-network acquisitions that have been disappointing performers for TNT: "Hawaii...