Time Warner
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Time Warner
Time Warner, Inc. is an American multinational mass media and entertainment conglomerate headquartered in New York City. It is currently the world's third

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This article is about the media conglomerate. For the cable system operator which was spun off from this company in 2009, see Time Warner Cable. Time Warner, Inc. View of the Time Warner Center in New York City, taken from the west side of Central Park. Type
  • Public
  • (Acquisition by AT&T pending)
Traded as
  • NYSE: TWX
  • S&P 100 Component
  • S&P 500 Component
Industry Mass media Predecessor Warner Communications
Time Inc. Founded January 10, 1990; 27 years ago (1990-01-10) Founder Steve Ross Headquarters New York City, New York, U.S. Area served Worldwide Key people
  • Jeff Bewkes
  • (Chairman and CEO)
Products Movie production, TV production, Theme parks, Broadcasting, Cable television, Record label, Publishing, Internet, Games, Investment Revenue US$28.11 billion (2015) Operating income US$6.865 billion (2015) Net income US$3.833 billion (2015) Total assets US$63.84 billion (2015) Total equity US$23.61 billion (2015) Number of employees 25,000 (2016) Divisions HBO
Turner
Warner Bros. Subsidiaries List of subsidiaries Website www.timewarner.com

Time Warner, Inc. is an American multinational mass media and entertainment conglomerate headquartered in New York City. It is currently the world's third largest entertainment company in terms of revenue, after Comcast and The Walt Disney Company. It was also once the world's largest media conglomerate. Time Warner was first founded in 1990, with the merger of Time Inc. and Warner Communications. The current company consists largely of the assets of the former Warner Communications (as well as HBO, a Time Inc. subsidiary prior to the merger), and the assets of Turner Broadcasting (which was acquired by the company in 1996). Time Warner currently has major operations in film and television, with a limited amount in publishing operations. Among its major assets are HBO, Turner Broadcasting System, The CW, Warner Bros., CNN, DC Comics, and as of August 2016, Hulu, owning 10%. In the past, other major divisions of Time Warner included Time Inc., AOL, Time Warner Cable, Warner Books and Warner Music Group. All of these operations were either sold to other investors or spun off as independent companies from 2004 to 2014.

On October 22, 2016, AT&T announced its intent to acquire Time Warner for $108.7 billion (including assumed Time Warner debt).

Contents
  • 1 Divisions
    • 1.1 HBO
    • 1.2 Turner Broadcasting System, Inc.
    • 1.3 Warner Bros.
  • 2 History
    • 2.1 1920s
    • 2.2 1960s
    • 2.3 1970s
    • 2.4 1980s
    • 2.5 1990s
    • 2.6 2000s
      • 2.6.1 Merger with AOL
    • 2.7 2010s
      • 2.7.1 Transactions
    • 2.8 Planned acquisition by AT&T
  • 3 The CW
  • 4 Commercial properties
  • 5 Notable people
    • 5.1 Time Warner Inc.
    • 5.2 Division CEOs
  • 6 Competition
  • 7 Company names
  • 8 Restatement
  • 9 See also
  • 10 Footnotes
  • 11 External links

Divisions

Time Warner consists of three divisions; Home Box Office, Inc. (HBO), Turner Broadcasting System, Inc., and Warner Bros.

Logo of former division Time Warner Cable. From 1990 to 2001, the "eye and ear" logo was also used by Time Warner as a whole. HBO Main article: HBO

Home Box Office, Inc. operates the namesake HBO premium television service as well as sister service Cinemax. HBO- and Cinemax-branded channels are currently available in over 70 countries around the world, and HBO programming is licensed to other television networks in over 150 countries.

In 2012, HBO was the #1 premium pay television service in primetime television and total day ratings. In 2013, the network received five Golden Globes and 23 primetime Emmy Awards.

HBO’s programming includes the airing of feature films, HBO Documentary Films, HBO original films, and HBO original programming, HBO Sports (live HBO Boxing events). The network has developed content distribution platforms, like HBO GO and Max GO to help support and deliver programming to users via online and mobile devices.

HBO's notable original programming includes Sex and the City, The Sopranos, Curb Your Enthusiasm, The Wire, Entourage, Deadwood, True Blood, Boardwalk Empire, Game of Thrones, Girls, Veep, Silicon Valley, and Westworld, as well as motion pictures, mini-series, boxing matches and sports programs, comedy specials, family programming and documentaries. In 2011, Cinemax launched its first original primetime series, Strike Back, and has subsequently launched the original primetime series, Hunted and Banshee.

Turner Broadcasting System, Inc. Main article: Turner Broadcasting System, Inc.

Turner Broadcasting System, Inc. (Turner) operates international news, entertainment, animation, young adult and kids media networks as well as related businesses. Turner brands include CNN, HLN, TNT, TBS, Cartoon Network, Turner Classic Movies, truTV, Turner Sports, and more. Turner's brands and sub brands reach broad domestic and international audiences. In addition to television network programming, Turner manages digital sports entities, including bleacherreport.com NBA.com, PGA.com and NCAA.com. Turner’s TBS channel reaches large audiences in the 18- to 34-year-old bracket and its news network, CNN, provides a 24-hour news network that delivers news and analysis to domestic and international audiences across multiple platforms. Turner Sports produces sports programming and content for the Turner Networks and related digital properties. Turner Sports’ television line-up includes NBA and MLB games, the NCAA Tournament Games, and the PGA Championship. Turner operates PGA.com and related digital properties of the PGA under agreements with the PGA. Turner and the NBA jointly manage a portfolio of the NBA’s digital businesses, including NBA TV, NBA.com, NBA League Pass, NBA Mobile and the NBA GameTime app. Also Turner and MLB jointly manage a portfolio of the MLB's digital businesses including MLB Network, MLB.com, MLB Extra Innings and the MLB Network App.

Warner Bros. Main article: Warner Bros.

Warner Bros. businesses range from feature film and TV to home entertainment production and worldwide distribution to home video, digital distribution, animation, comic books, licensing and international cinemas and broadcasting. In 2012, the Warner Bros. Pictures Group grossed 4.3 billion dollars at the worldwide box office. Home Video is the industry leader with a 21% market share in total DVD and Blu-ray sales.

The Warner Bros. Home Entertainment Group works across platforms and outlets in the digital realm with video-on-demand, branded channels, original content, anti-piracy technology and broadband & wireless destinations. Each year Warner Bros. Pictures produces between 18 and 22 films. Warner Bros. has produced more than 50 television series in the 2012–2013 television season. Warner Bros. has also incorporated DC Comics content into Warner Bros. Entertainment via the creation of the DC Entertainment division, which was founded in 2009. DC Entertainment, which is wholly owned by the Company, is responsible for bringing the stories and characters from the DC Comics, Vertigo and MAD Magazine publishing portfolios into other Warner Bros. content and distribution businesses, including feature films, television programming, video games, direct-to-consumer platforms and consumer products. The DC Comics imprint, home to such iconic characters as Batman, Superman, Wonder Woman, Flash and Green Lantern, has launched digital versions of its top comic book and graphic novel titles, making them available for download on digital platforms.

History 1920s

Time magazine made its debut in 1923 as the first weekly news magazine in the United States. Four years later, in 1927, Warner Bros. released the world’s first feature-length talking picture, The Jazz Singer.

1960s

In 1963, recommendations from Time Inc. based on how it delivered magazines led to the introduction of ZIP codes by the United States Post Office.

1970s

In 1972, Kinney National Company spun off its non-entertainment assets due to a financial scandal over its parking operations and renamed itself Warner Communications Inc.

It was the holding company for Warner Bros. Pictures and Warner Music Group during the 1970s and 1980s. It also owned DC Comics and Mad, as well as a majority stake in Garden State National Bank (an investment it was ultimately required to sell pursuant to requirements under the Bank Holding Company Act). Warner's initial divestiture efforts led by Garden State CEO Charles A. Agemian were blocked by Garden State board member William A. Conway in 1978; a revised transaction was later completed in 1980.

In 1975, Home Box Office became the first TV network to broadcast nationally via satellite, debuting with the Muhammad Ali and Joe Frazier “Thrilla in Manila” boxing match.

In 1975, Warner expanded under the guidance of CEO Steve Ross and formed a joint venture with American Express, named Warner-Amex Satellite Entertainment, which held cable channels including MTV (launched 1981), Nickelodeon (launched 1979) and The Movie Channel. Warner Bros. bought out American Express's half in 1984, and sold the venture a year later to Viacom, which renamed it MTV Networks.

In 1976, the Turner–owned WTCG originated the "superstation" concept, transmitting via satellite to cable systems nationwide and pioneering the basic cable business model. WTCG was renamed WTBS in 1979.

In 1976, Nolan Bushnell sold Atari, Inc. to Warner Communications for an estimated $2–12 million. Warner made considerable profits (and later losses) with Atari, which it owned from 1976 to 1984. While part of Warner, Atari achieved its greatest success, selling millions of Atari 2600s and computers. At its peak, Atari accounted for a third of Warner's annual income and was the fastest-growing company in the history of the United States at the time.

1980s

In 1980, Warner purchased The Franklin Mint for about $225 million. The combination was short lived: Warner sold The Franklin Mint in 1985 to American Protection Industries Inc. (API) for $167.5 million. However, Warner retained Franklin Mint’s Eastern Mountain Sports as well as The Franklin Mint Center, which it leased back to API.

In 1980, Turner launched CNN, the first 24-hour all-news network, redefining the way the world received breaking news.

In January 1983, Warner expanded their interests to baseball. Under the direction of Caesar P. Kimmel, executive vice president, bought 48 percent of the Pittsburgh Pirates for $10 million. The company then put up its share for sale in November 1984 following losses of $6 million due to its failed attempt to launch a cable sports package. The team's majority owner, John W. Galbreath, soon followed suit after learning of Warner's actions. Both Galbreath and Warner sold the Pirates to local investors in March 1986.

In 1984, due to major losses spurred by subsidiary Atari Inc.'s losses, Warner sold Atari Inc.'s Consumer Division assets to Jack Tramiel. It kept the rest of the company and named it Atari Games, eventually reducing it to just the Coin Division. They sold Atari Games to Namco in 1985, and repurchased it in 1992, renaming it Time-Warner Interactive, until it was sold to Midway Games in 1996. In a long-expected deal, Warner Communications announced on May 11, 1988, they were acquiring Lorimar-Telepictures; the acquisition was finalized on January 12, 1989.

The merger of Time Inc. and Warner Communications was announced on March 4, 1989. During the summer of that same year, Paramount Communications (formerly Gulf+Western) launched a $12.2 billion hostile bid to acquire Time, Inc. in an attempt to end a stock-swap merger deal between Time and Warner Communications. This caused Time to raise its bid for Warner to $14.9 Billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time/Warner merger. The court ruled twice in favor of Time, forcing Paramount to drop both the Time acquisition and the lawsuit, and allowing the formation of the two companies' merger which was completed on January 10, 1990. However, instead of the companies becoming defunct, the impact of the merger and its resultant financial shock wave gave off a new corporate structure, resulting in the new company being called "Time Warner".

1990s

US West partnered with Time Warner in 1993 to form what is now known as TW Telecom, initially known as Time Warner Communications (also utilized as the brand name for cable operation previously under the ATC name), in order to bring telephone via fiber to the masses. US West also took a 26% stake in the entertainment portion of the company, calling that division Time Warner Entertainment (or legally Time Warner Entertainment Company L.P.). US West's stake eventually passed to acquired cable company MediaOne, then to AT&T Broadband in 1999 when that company acquired MediaOne, then finally to Comcast in 2001 when that company bought the AT&T Broadband division. Comcast sold their stake in the company in 2003, relegating the name to a subdivision under Time Warner Cable.

Time Warner subsequently acquired Ted Turner's Turner Broadcasting System in October 1996. Not only did this result in the company (in a way) re-entering the basic cable television industry (in regards to nationally available channels), but Warner Bros. also regained the rights to their pre-1950 film library, which by then had been owned by Turner (the films are still technically held by Turner, but WB is responsible for sales and distribution), while Turner gained access to WB's post-1950 library, as well as other WB-owned properties.

Time Warner purchased the Six Flags Theme Parks chain in 1993. The company later sold all Six Flags parks and properties to Oklahoma-based Premier Parks on April 1, 1998.

Dick Parsons, already a director on the board since 1991, was hired as Time Warner president in 1995, although the division operational heads continued to report directly to Chairman and CEO Gerald Levin.

In 1991, HBO and Cinemax became the first premium pay services to offer multiplexing to cable customers, with companion channels supplementing the main networks.

In 1993, HBO became the world's first digitally transmitted television service.

In 1995, CNN introduced CNN.com which later became a leading destination for global digital news, both online and mobile.

In 1996, Warner Bros. spearheaded the introduction of the DVD, which rapidly replaced VHS tapes as the standard for home video.

In 1999, HBO became the first national cable TV network to broadcast a high–definition version of its channel.

2000s Merger with AOL

In 2000, it was announced that AOL would purchase Time Warner for US$164 billion. Due to the larger market capitalization of AOL, their shareholders would own 55% of the new company while Time Warner shareholders owned only 45%, so in actual practice AOL had acquired Time Warner, even though Time Warner had far more assets and revenues. Time Warner had been looking for a way to embrace the digital revolution, while AOL wanted to convert its stock price into tangible assets.

The deal, announced on January 10, 2000 and officially filed on February 11, 2000, employed a merger structure in which each original company merged into a newly created entity. The Federal Trade Commission cleared the deal on December 14, 2000, and gave final approval on January 11, 2001; the company completed the merger later that day. The deal was approved on the same day by the Federal Communications Commission, and had already been cleared by the European Commission on October 11, 2000.

AOL Time Warner Inc., as the company was then called, was supposed to be a merger of equals with top executives from both sides. Gerald Levin, who had served as Chairman and CEO of Time Warner, was CEO of the new company. Steve Case served as Executive Chairman of the board of directors, Robert W. Pittman (President and COO of AOL) and Dick Parsons (President of Time Warner) served as Co-Chief Operating Officers, and J. Michael Kelly (the CFO from AOL) became the Chief Financial Officer.

According to AOL President and COO Bob Pittman, the slow-moving Time Warner would now take off at Internet speed, accelerated by AOL: "All you need to do is put a catalyst to , and in a short period, you can alter the growth rate. The growth rate will be like an Internet company." When the AOL Time Warner deal was announced, the vision for its future seemed clear and straightforward; by tapping into AOL, Time Warner would reach deep into the homes of tens of millions of new customers. AOL would use Time Warner's high-speed cable lines to deliver to its subscribers Time Warner's branded magazines, books, music, and movies. This would have created 130 million subscription relationships.

Unfortunately, the growth and profitability of the AOL division stalled due to advertising and loss of market share to the growth of high speed broadband providers. The value of the America Online division dropped significantly, not unlike the market valuation of similar independent internet companies that drastically fell, and forced a goodwill write-off, causing AOL Time Warner to report a loss of $99 billion in 2002 — at the time, the largest loss ever reported by a company. The total value of AOL stock subsequently went from $226 billion to about $20 billion.

An outburst by Vice Chairman Ted Turner at a board meeting prompted Steve Case to contact each of the directors and push for CEO Gerald Levin's ouster. Although Case's coup attempt was rebuffed by Parsons and several other directors, Levin became frustrated with being unable to "regain the rhythm" at the combined company and announced his resignation in the fall of 2001, effective in May 2002. Although Co-COO Bob Pittman was the strongest supporter of Levin and largely seen as the heir-apparent, Dick Parsons was instead chosen as CEO. Time Warner CFO J. Michael Kelly was demoted to COO of the AOL division, and replaced as CFO by Wayne Pace. AOL Chairman and CEO Barry Schuler was removed from his position and placed in charge of a new "content creation division", being replaced on an interim basis by Pittman, who was already serving as the sole COO after Parsons' promotion.

Many expected synergies between AOL and other Time Warner divisions never materialized, as most Time Warner divisions were considered independent fiefs that rarely cooperated prior to the merger. A new incentive program that granted options based on the performance of AOL Time Warner, replacing the cash bonuses for the results of their own division, caused resentment among Time Warner division heads who blamed the AOL division for failing to meet expectations and dragging down the combined company. AOL Time Warner COO Pittman, who expected to have the divisions working closely towards convergence instead found heavy resistance from many division executives, who also criticized Pittman for adhering to optimistic growth targets for AOL Time Warner that were never met. Some of the attacks on Pittman were reported to come from the print media in the Time, Inc. division under Don Logan. Furthermore, CEO Parsons' democratic style prevented Pittman from exercising authority over the "old-guard" division heads who resisted Pittman's synergy initiatives.

Pittman announced his resignation as AOL Time Warner COO after July 4, 2002, being reportedly burned out by the AOL special assignment and almost hospitalized, unhappy about the criticism from Time Warner executives, and seeing nowhere to move up in firm as Parsons was firmly entrenched as CEO. Pittman's departure was seen as a great victory to Time Warner executives who wanted to undo the merger. In a sign of AOL's diminishing importance to the media conglomerate, Pittman's responsibilities were divided between two Time Warner veterans; Jeffrey Bewkes who was CEO of Home Box Office, and Don Logan who had been CEO of Time. Logan became chairman of the newly created media and communications group, overseeing America Online, Time, Time Warner Cable, the AOL Time Warner Book Group and the Interactive Video unit, relegating AOL to being just another division in the conglomerate. Bewkes became chairman of the entertainment and networks group, comprising HBO, New Line Cinema, The WB, Turner Networks, Warner Bros. and Warner Music. Both Logan and Bewkes, who had initially opposed the merger, were chosen because they were considered the most successful operational executives in the conglomerate and they would report to AOL Time Warner CEO Richard Parsons. Logan, generally admired at Time Warner and reviled by AOL for being a corporate timeserver who stressed incremental steady growth and not much of a risk taker, moved to purge AOL of several "Pittman panzers".

AOL Time Warner Chairman Steve Case took on added prominence as the co-head of a new strategy committee of the board, making speeches to divisions on synergism and the promise of the Internet. However, under pressure from institutional investor vice president Gordon Crawford who lined up dissenters, Case announced in January 2003 that he would not stand for re-election as executive chairman in the upcoming annual meeting, making CEO Richard Parsons the chairman-elect. That year, the company dropped the "AOL" from its name, and spun off Time-Life's ownership under the legal name Direct Holdings Americas, Inc. Case resigned from the Time Warner board on October 31, 2005. Jeff Bewkes, who eventually became CEO of Time Warner, described the 2001 merger with AOL as 'the biggest mistake in corporate history'.

In 2005, Time Warner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush. On December 27, 2007, newly installed Time Warner CEO Jeffrey Bewkes discussed possible plans to spin off Time Warner Cable and sell off AOL and Time Inc. This would leave a smaller company made up of Turner Broadcasting, Warner Bros. and HBO. On February 28, 2008, co-chairmen and co-CEOs of New Line Cinema Bob Shaye and Michael Lynne announced their resignations from the 40-year-old movie studio in response to Jeffrey Bewkes's demand for cost-cutting measures at the studio, which he intended to dissolve into Warner Bros.

On May 28, 2009, Time Warner announced that it would spin off AOL as a separate independent company, with the change occurring on December 9, 2009.

2010s

In 2010, Turner Sports, Inc. and the National Collegiate Athletic Association jointly announced the formation of NCAA Digital, a 14-year agreement in which Turner will manage and operate the NCAA’s digital portfolio and strengthen coverage of all 88 NCAA championships. NCAA Digital encompasses NCAA.com and additional NCAA digital platforms, including mobile web and applications, as well as other connected devices.

On August 25, 2010, Time Warner's Latin American division bought Chilean nationwide terrestrial television station Chilevisión from Chile's elected president Sebastián Piñera. Time Warner already operates in the country with CNN Chile.

In January 2012, Home Box Office and DISH Network LLC reached an agreement that will give DISH customers expanded access to HBO’s acclaimed programming.

In October 2012, Warner Bros. Home Entertainment and Paramount Home Media Distribution reached an agreement that will give Warner Bros. rights to Blu-ray and DVD distribution of several titles from Paramount in the US and Canada.

In June 2014, 21st Century Fox made a bid for Time Warner at $85 per share in stock and cash ($80 billion total) which Time Warner's board of directors turned down in July. Warner's CNN unit would have been sold to ease antitrust issues of the purchase. On August 5, 2014, 21st Century Fox withdrew its offer to purchase Time Warner.

In January 2014, Time Warner, Related Companies, and Oxford Properties Group announced that Time Warner intends to relocate the Company’s corporate headquarters and its New York City-based employees to 30 Hudson Yards in the Hudson Yards neighborhood in Chelsea, Manhattan, and has accordingly made an initial financial commitment. Time Warner sold its stake in the Columbus Circle building for $1.3 billion to Related and two wealth funds. The move will be completed in 2018.

Transactions

On December 15, 2006, Warner Bros. Entertainment Inc. announced an investment in SCi Entertainment Group plc the parent company of publishing label Eidos Interactive Ltd, representing 10.3 percent of the company's enlarged share capital. Additionally, Warner Bros. Home Entertainment Group and SCi have entered into an agreement for licensing and distribution of games based on select Warner Bros. Entertainment properties. The investment, licensing and distribution agreements are all pending SCi shareholder approval.

On October 5, 2007, Turner Broadcasting System, Inc. completed the acquisition of Claxson Interactive Pay Television Networks in Latin America.

On November 8, 2007, Warner Bros. Home Entertainment Group announced it has entered into an agreement to acquire TT Games, which encompasses game developers Traveller's Tales and TT Games Publishing.

On February 4, 2009, Warner Bros. Home Entertainment Group announced their acquisition of Snowblind Studios, a game development studio.

On May 21, 2008, Time Warner and Time Warner Cable Inc. agree to separation. It is the second largest cable company in the U.S. behind only Comcast.

On February 19, 2009, Time Warner and Time Warner Cable completed the separation of the two companies through a spin-off.

On March 17, 2009, Time Warner Inc. announced the legal and structural separation of Time Warner Cable Inc. (NYSE:TWC) from Time Warner through a tax-free spin-off that had become effective on March 12, 2009.

In the first quarter of 2010, Home Box Office purchased additional interests in HBO LAG for $217 million, which resulted in Home Box Office owning 80% of the equity interests of HBO LAG. In 2010, Home Box Office purchased the remainder of its partners’ interests in HBO Europe (formerly HBO Central Europe) for $136 million, net of cash acquired.

On April 20, 2010, Warner Bros. Home Entertainment Group announced the acquisition of Turbine, Inc., a gaming studio in North America.

In August 2010, Time Warner agreed to acquire Shed Media, a TV production company, for £100m. On October 14, 2010, Warner Bros. Television Group announced that it completed the acquisition of a majority stake in Shed Media, an independent production and distribution company. Shed Media will remain an independent production company, but its distribution operation, Outright Distribution, will be folded into Warner Bros. International Television Production.

On August 26, 2010, Time Warner took full control of Chilevisión, a TV channel owned by Chile's President Sebastián Piñera.

Central European Media Enterprises Ltd. (“CME”) is a publicly traded broadcasting company operating leading networks in six Central and Eastern European countries. On May 18, 2009, the company completed an equity investment in CME for $246 million.

In May 2011, Warner Bros. Home Entertainment Group announced an agreement to acquire Flixster, a movie discovery application company. The acquisition also includes Rotten Tomatoes, a movie review aggregator.

On September 8, 2011, Turner Broadcasting System Europe acquired LazyTown Entertainment.

In June 2012, Time Warner acquired Alloy Entertainment, a publisher and television studio whose works are aimed at teen girls and young women.

On August 6, 2012, Time Warner acquired Bleacher Report, a sports news website. The property was placed under the control of the Turner Sports division.

On March 6, 2013, Time Warner announced that it would spin off its publishing division Time Inc. as a separate, publicly traded company. The transaction was completed on June 6, 2014.

Planned acquisition by AT&T

On October 20, 2016, it was reported that AT&T was in talks to acquire Time Warner. The proposed deal would give AT&T significant holdings in the media industry; AT&T's competitor Comcast had previously acquired NBCUniversal in a similar bid to increase its media holdings, in concert with its ownership of television and internet providers. On October 22, 2016, AT&T reached a deal to buy Time Warner for $108.7 billion. If approved by federal regulators, the merger would bring Time Warner's properties under the same umbrella as AT&T's telecommunication holdings, including satellite provider DirecTV.

On February 15, 2017, Time Warner shareholders approved the merger, which is still pending regulatory approval. On February 28, FCC Chairman Ajit Pai announced that his agency will not review the deal, leaving the review to the US Department of Justice.

On March 15, 2017, the merger, which is still pending approval from U.S. regulators, was approved by the European Commission.

The CW Main article: The CW The CW logo.

On January 24, 2006, CBS Corporation and Time Warner announced that they were to create a new broadcast network, The CW. The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model.

The network is the result of a merger of The WB (a Time Warner holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each own 50% of the network. Tribune Broadcasting (previously owned a 25% stake on The WB) and CBS Corporation contributed its stations as new network affiliates.

Commercial properties

Time Warner owns several large properties in New York City; certain buildings in the Rockefeller Center complex and adjacent office towers house its main offices; one of which houses a CNN news studio. In late 2003, Time Warner finished construction of a new twin-tower complex, designed to serve as additional office space, facing Columbus Circle on the southwestern edge of Central Park. Originally called the AOL Time Warner Center, the 755-foot (230 m), 55-floor mixed-use property was renamed Time Warner Center when the company itself was renamed.

Notable people Time Warner Inc.

Jeffrey Bewkes, Chairman and CEO

And five executive vice presidents, most with additional, functional titles:

  • Paul T. Cappuccio, General Counsel
  • Gary L. Ginsberg, Corporate Marketing and Communications
  • Howard M. Averill, Chief Financial Officer
  • Carol A. Melton, Global Public Policy
  • Ólaf Ólafsson, International and Corporate Strategy
Division CEOs
  • Richard Plepler, Chairman and CEO of Home Box Office
  • John Martin, Chairman and CEO of Turner Broadcasting System
  • Kevin Tsujihara, Chairman and CEO of Warner Bros. Entertainment Inc.
Competition

Time Warner faces industry competition from traditional media companies such as Sony, CBS Corporation, 21st Century Fox, Viacom, The Walt Disney Company, and Comcast. Time Warner's and many of their competitions' business may be severely impacted by the increasing viewership of feature films, television programming and other content online with low ad-income, which decreases company revenues.

Box office receipts have been rising while the growth rate of DVD sales have recently been declining, which affects Warner Bros.' growth prospects and revenues.

Company names
  • Warner Bros. Pictures (1923–1967)
  • Seven Arts Productions (1957–1967)
  • Kinney National Company (1966–1972)
  • Warner Bros.-Seven Arts (1967–1969)
  • Warner Communications (1972–1990)
  • Time Warner (1990–2001, 2003–present)
  • Time Warner Entertainment (1992–2001)
  • AOL Time Warner (2001–2003)
Restatement

In March 2002, the company restated its financial statements to reflect the merger of MapQuest and other companies.

See also
  • New York City portal
  • Companies portal
  • United States portal
  • List of conglomerates
  • List of United States companies
  • List of assets owned by Time Warner
Footnotes
  1. ^ "The Creator of Time Warner, Steven J. Ross, Is Dead at 65". The New York Times. December 21, 1992. 
  2. ^ a b c d e "Time Warner Inc 2015 Annual Report Form (10-K)". EDGAR. United States Securities and Exchange Commission. February 27, 2016. Retrieved December 21, 2015. 
  3. ^ http://www.timewarner.com/company/about-us
  4. ^ "No plans for a HBO stock spin-off: Time Warner CEO". New York Post. September 11, 2014. 
  5. ^ "Time Warner Blog". 
  6. ^ http://revenuesandprofits.com/how-time-warner-makes-money/
  7. ^ TimeWarner.com Fact Sheet Page Archived August 28, 2008, at the Wayback Machine.
  8. ^ "Global 500 2009: Industries: Entertainment", Fortune, July 20, 2009, retrieved May 25, 2010 ; "PowerPoint Presentation" (PDF), archived (PDF) from the original on September 16, 2010, retrieved May 1, 2013 ; Siklos, Richard (February 9, 2009), "Why Disney wants DreamWorks", CNNMoney.com, retrieved May 25, 2010 ; News Corporation - Annual Report 2007 Archived June 29, 2011, at the Wayback Machine.
  9. ^ Spangler, Todd (August 3, 2016). "Time Warner Acquires 10% Stake in Hulu for $583 Million". 
  10. ^ a b Hagey, Keach; Sharma, Amol; Cimilluca, Dana (October 21, 2016). "AT&T Is in Advanced Talks to Acquire Time Warner". The Wall Street Journal. Retrieved October 21, 2016. 
  11. ^ Littleton, Cynthia (October 22, 2016). "AT&T Sets $85.4 Billion Time Warner Deal, CEOs Talks 'Unique' Potential of Combination". Variety. Retrieved October 23, 2016. 
  12. ^ "Time Warner Inc". Time Warner. Retrieved June 25, 2013. 
  13. ^ a b "Home Box Office". timewarner.com. 
  14. ^ Collins, Scott (January 14, 2013). "Golden Globes 2013: A big night for HBO's 'Girls' and Lena Dunham". Los Angeles Times. Retrieved May 23, 2013. 
  15. ^ "HBO GO. It's HBO. Anywhere.". HBO GO®. 
  16. ^ "Hit Cinemax Series "Strike Back" Launches Season Three This Summer". The Futon Critic. March 14, 2013. Retrieved May 23, 2013. 
  17. ^ Time Warner 2012 Annual Report Archived April 20, 2013, at the Wayback Machine.
  18. ^ "TBS Now Officially Reigns as Basic Cable's #1 Network of the Year with Adults 18-34 in Primetime". The Futon Critic. January 3, 2013. Retrieved May 23, 2013. 
  19. ^ "Turner Pressroom". Turner Pressroom. 
  20. ^ "Warner Bros. Pictures Group Has Another Record-Breaking Year at the Box Office". Reuters. January 6, 2012. Retrieved May 23, 2013. 
  21. ^ "Warner Bros. Entertainment". timewarner.com. 
  22. ^ "search - WarnerBros.com". 
  23. ^ "History of TIME". Time. Retrieved January 10, 2015. 
  24. ^ "The Jazz Singer (1927)". Filmsite.org. 1927-10-06. Retrieved 2013-06-25. 
  25. ^ "Time Warner Inc. by The History of Corporate". Thehistoryofcorporate.com. 2008-09-03. Retrieved 2013-06-25. 
  26. ^ Los Angeles Times (July 16, 2012). "Cable's biggest milestones". latimes.com. 
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Doves/Rustlers/Bees/Braves (1871–1952)
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Spectrum updated CLIKR-5 universal remote control. Backwards compatible with Time Warner, Brighthouse and Charter cable boxes
Spectrum updated CLIKR-5 universal remote control. Backwards compatible with Time Warner, Brighthouse and Charter cable boxes
The Spectrum Cable CLIKR-5 is designed to offer complete control for all digital, HD and DVR set-top boxes. The UR5U-8780L is factory programmed to operate Scientific Atlanta/Cisco and Samsung set-top boxes from Charter, Time Warner and Brighthouse cable. In addition to the set-top box the CLIKR-5 can also control TV's, VCR's, DVD players and Auxiliary equipment such as audio receivers and home theater systems. The Spectrum CLIKR-5 features a fully backlit keypad and upgradeability.

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CLIKR-5 Time Warner Cable Remote Control UR5U-8780L
CLIKR-5 Time Warner Cable Remote Control UR5U-8780L
The CLIKR-5 UR5U-8780L remote control is designed to operate the CISCO/SA, Pioneer, Pace Micro, Samsung and Motorola digital set tops. Plus the majority of TV, VCR, DVD and AUX equipment on the market as follows: Cable Set-top Boxes, VCRs and TV/VCRs, Televisions, DVD Players, Audio Equipment, Media PC, etc. Contact Information for MSO's Let's discuss your needs in detail. Time Warner Cable CLIKR-5 Interactive Tutorial - English and Spanish Programming Instructions and Codes - English The Time Warner Cable CLIKR-5 is designed to offer complete control for all digital, HD and DVR set-top boxes. The UR5U-8780L is factory programmed to operate Scientific Atlanta/Cisco and Samsung set-top boxes while the UR5U-8790L is factory programmed for Motorola set-top boxes. In addition to the set-top box the CLIKR-5 can also control TV's, VCR's, DVD players and Auxiliary equipment such as audio receivers and home theater systems. The Time Warner Cable CLIKR-5 features a fully backlit keypad and upgradeability. Features and Benefits: -Tru2way / OCAP compliant -Control up to 5 devices -64-K chip pre-loaded with the largest code library in the industry Three factory-programmed macro keys (Dedicated ON DEMAND button, M1, M2) Customizable System Power button Illuminated mode buttons Full keypad backlighting featuring exclusive 'night vision' red illumination 'Sure Touch' cursor navigation pad The industry's simplest & quickest device code programming Quick programming instructions on back case Memory Lock retains programmed memory for 10 years even with Batteries removed Interactive, bi-lingual CD Tutorials for CSR, Tech & Installer training & reference Barcode label in battery compartment with easily identifiable manufacturer date code Specifications Size: 2.875"(W) x 8.5"(L) x 1.125"(D) Weight: 4.1 oz Power Supply: 2 x AA Batteries

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Clikr-5 Time Warner Cable Remote Control Ur5u-8780l (3 Pack Special)
Clikr-5 Time Warner Cable Remote Control Ur5u-8780l (3 Pack Special)
BRAND NEW

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NETGEAR CM600 (24x8) DOCSIS 3.0 Cable Modem. Max download speeds of 960Mbps. Certified for XFINITY by Comcast, Time Warner Cable, Cox, Charter & more (CM600)
NETGEAR CM600 (24x8) DOCSIS 3.0 Cable Modem. Max download speeds of 960Mbps. Certified for XFINITY by Comcast, Time Warner Cable, Cox, Charter & more (CM600)
Up to 960 Mbps download for streaming HD videos, faster downloads & high speed online gaming

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$121.39
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Motorola 16x4 Cable Modem, Model MB7420, 686 Mbps DOCSIS 3.0, Certified by Comcast XFINITY, Charter Spectrum, Time Warner Cable, Cox, BrightHouse, and More
Motorola 16x4 Cable Modem, Model MB7420, 686 Mbps DOCSIS 3.0, Certified by Comcast XFINITY, Charter Spectrum, Time Warner Cable, Cox, BrightHouse, and More
The Model MB7420 is a 16x4 686 Mbps DOCSIS 3.0 cable modem certified by a number of leading cable service providers including Comcast XFINITY, Time Warner Cable, Cox, and BrightHouse. Certified for speed tiers up to and including Comcast Xfinity Extreme 250, TWC Ultimate, and Cox Ultimate. Owning this modem eliminates modem rental charges that are often $100 or more per year. With easy installation, high-speed, broad compatibility, and superb customer support, Model MB7420 is the perfect choice for almost any cable modem user. 16 X 4 performance means that up to 16 cable data channels carry data from the Internet, sixteen times faster than DOCSIS 2.0; and up to 4 channels carry data to the Internet. A Full-Band Capture digital tuner helps assure consistently fast speeds from your service provider. MB7420 does not include a Wi-Fi Router or VoIP telephone adapter. It includes a 10/100/1000 Gigabit Ethernet (GigE) port for a high-speed connection of a router, computer, HDTV, game station, or other Ethernet-capable device. Setup is fast and easy with a few quick steps set out in a Quick Start guide. Experienced USA-based customer support specialists are ready and willing to help if you need them. Model MB7420's compact, attractive design saves space and looks good in any home or office. This product is backed by a two-year warranty and features ruggedized lightning and power surge circuits to provide additional protection of your investment. DOCSIS 3.0, 2.0, and 1.1 support and Cable Labs certification ensure compatibility with services nationwide. Best of all, the MB7420 offers the value, performance, and attention to quality that continue to make Motorola the leading brand of cable modems. Please note that the MB7420 plugs easily into computers, HDTVs, and other Ethernet-capable devices including any router of your choice, but the MB7420 does not have a built-in Wi-Fi router. Motorola Model MG7310, for instance, has both a cable modem and a built-in router.

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Netgear C6250-100NAS AC1600 (16x4) WiFi Cable Modem Router Combo (C6250) DOCSIS 3.0 Certified for Xfinity Comcast, Time Warner Cable, Cox, & more
Netgear C6250-100NAS  AC1600 (16x4) WiFi Cable Modem Router Combo (C6250) DOCSIS 3.0 Certified for Xfinity Comcast, Time Warner Cable, Cox, & more
The NETGEAR AC1600 Wi-Fi DOCSIS 3.0 Cable Modem Router provides the fastest cable speed available with an AC1600 Wi-Fi router and integrated DOCSIS 3.0 cable modem, with up to 680 Mbps. It works with cable Internet provider Comcast XFINITY and more.

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Zoom 16x4 Cable Modem, 686 Mbps DOCSIS 3.0, Model 5370, Certified by Comcast XFINITY, Time Warner Cable and Other Service Providers
Zoom 16x4 Cable Modem, 686 Mbps DOCSIS 3.0, Model 5370, Certified by Comcast XFINITY, Time Warner Cable and Other Service Providers
The Zoom Model 5370 is a 686 Mbps cable modem certified for money-saving own-your-own cable modem programs by Comcast XFINITY, Time Warner Cable, and other leading cable service providers. Owning a certified own-your-own modem eliminates modem rental charges that are typically $8 to $10 dollars per month. Model 5370 is qualified for the highest speed cable services currently available, including Comcast XFINITY's Extreme 250 and Time Warner Cable's 300 Mbps Ultimate. The Model 5370 Gigabit (10-100-1000 Mbps) Ethernet port connects to your Windows or Macintosh computer, router, wireless access point, Home Plug adapter, or other Ethernet-enabled device. When used with a router, the high speed Internet service can be shared with multiple devices. The number of channels supported by a cable modem is the primary indicator of a modem's top speed. This modem is 16x4, which supports sixteen channels for downloads, and four channels for uploads. Sixteen channels for data downloads make this modem up to twice as fast as competing modems that support only eight channels. Because this 16x4 modem uses the cable network more efficiently, average download speeds can be faster, even for service speeds below the modem's top speed of 686 Mbps. The 5370 also uses a Full-Band Capture Digital Tuner that lets service providers deliver faster, more reliable Internet. The 5370 is certified by Cable Labs to support the latest DOCSIS 3.0 standard plus DOCSIS 2.0 and 1.1 for use with older cable systems. IPv6 and IPv4 are supported for powerful, flexible network addressing. With its easy installation, high speed, and extensively tested compatibility, the Model 5370 is the perfect choice for almost any cable modem user. The Model 5370 has been tested and certified by Cable Labs to work with nearly all U.S. cable services. The Zoom 5370 is covered by a two year warranty and quality technical support by Zoom Telephonics, a Boston based company founded in 1977.

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