In Hollywood’s sea of bravado, Kevin Tsujihara, the quiet new chief executive of Warner Bros., may seem miscast. But he is already making bold bets to keep the studio on top.
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Earnings were $1.2 billion in the third quarter, an increase of 44 percent compared with a year ago, reflecting growth in its television networks and production of TV shows.
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The purchase would include luxury titles like Food & Wine and Travel & Leisure, according to sources familiar with the negotiations.
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Mr. Kent led the Time Warner unit — which includes TNT, TBS and CNN — for more than a decade. His replacement will be John Martin, an executive at Time Warner.
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With the spinoff of Time Inc., Time Warner has become an example of the media industry’s shift away from rapid acquisition and growth.
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