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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
Comcast
and The Walt Disney Company
The Walt Disney Company
. It was also once the world's largest media conglomerate. Time Warner
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
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
Time Warner
currently has major operations in film and television , with a limited amount in publishing operations. Among its major assets are HBO
HBO
, Turner Broadcasting System, The CW
The CW
, Warner Bros.
Warner Bros.
, CNN
CNN
, DC Comics , and as of August 2016, Hulu
Hulu
, owning 10%. In the past, other major divisions of Time Warner
Time Warner
included Time Inc. , AOL
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
AT&T
announced its intent to acquire Time Warner for $108.7 billion (including assumed Time Warner
Time Warner
debt). In November 2017, the U.S. Justice Department said it was moving to sue to block the AT&T- Time Warner
Time Warner
merger.

CONTENTS

* 1 Divisions

* 1.1 HBO
HBO
* 1.2 Turner Broadcasting System * 1.3 Warner Bros.
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
AOL

* 2.7 2010s

* 2.7.1 Transactions * 2.7.2 Proposed acquisition by AT&T
AT&T

* 3 The CW
The CW
* 4 Commercial properties

* 5 Notable people

* 5.1 Time Warner
Time Warner
* 5.2 Divisions

* 6 Competition * 7 See also * 8 References * 9 External links

DIVISIONS

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

HBO

Main article: HBO
HBO

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

In 2012, HBO
HBO
was the number-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
HBO
original films, and HBO
HBO
original programming, HBO
HBO
Sports (live HBO
HBO
Boxing events). The network has developed content distribution platforms, like HBO
HBO
GO and Max GO to help support and deliver programming to users via online and mobile devices.

HBO's notable original programming includes Game of Thrones , Sex and the City , The Sopranos , Curb Your Enthusiasm , The Wire , Entourage , Deadwood , True Blood
True Blood
, Boardwalk Empire , 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
Cinemax
launched its first original primetime series, Strike Back, and has subsequently launched the original primetime series, Hunted and Banshee.

TURNER BROADCASTING SYSTEM

Main article: Turner Broadcasting System

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
CNN
, HLN , TNT , TBS , Cartoon Network
Cartoon Network
, Turner Classic Movies
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.

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.
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 ">

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.
Warner Bros.
Pictures and Warner Music Group during the 1970s and 1980s. It also owned DC Comics
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
Nickelodeon
(launched 1979) and The Movie Channel . Warner Bros.
Warner Bros.
bought out American Express's half in 1984, and sold the venture a year later to Viacom
Viacom
, which renamed it MTV
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
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
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
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
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
Time Warner
Entertainment (or legally Time Warner
Time Warner
Entertainment Company L.P.). US West's stake eventually passed to acquired cable company MediaOne , then to AT&T
AT&T
Broadband
Broadband
in 1999 when that company acquired MediaOne, then finally to Comcast
Comcast
in 2001 when that company bought the AT"> Logo for AOL
AOL
Time Warner.

In 2000, it was announced that AOL
AOL
would purchase Time Warner
Time Warner
for $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
AOL
had acquired Time Warner, even though Time Warner
Time Warner
had far more assets and revenues. Time Warner
Time Warner
had been looking for a way to embrace the digital revolution, while AOL
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
European Commission
on October 11, 2000.

AOL
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
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
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
AOL
Time Warner
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
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
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
AOL
Time Warner
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
AOL
stock subsequently went from $226 billion to about $20 billion.

An outburst by Vice Chairman
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
Time Warner
CFO J. Michael Kelly was demoted to COO of the AOL division, and replaced as CFO by Wayne Pace. AOL
AOL
Chairman
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
AOL
and other Time Warner
Time Warner
divisions never materialized, as most Time Warner
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
Time Warner
division heads who blamed the AOL
AOL
division for failing to meet expectations and dragging down the combined company. AOL
AOL
Time Warner
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
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
AOL
Time Warner
Time Warner
COO after July 4, 2002, being reportedly burned out by the AOL
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
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
AOL
Time Warner
Time Warner
Book Group and the Interactive Video unit, relegating AOL
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.
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
AOL
Time Warner
Time Warner
CEO Richard Parsons. Logan, generally admired at Time Warner
Time Warner
and reviled by AOL
AOL
for being a corporate timeserver who stressed incremental steady growth and not much of a risk taker, moved to purge AOL
AOL
of several "Pittman panzers".

AOL
AOL
Time Warner
Time Warner
Chairman
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
Time Warner
board on October 31, 2005. Jeff Bewkes , who eventually became CEO of Time Warner
Time Warner
in 2007, described the 2001 merger with AOL
AOL
as 'the biggest mistake in corporate history'.

In 2005, Time Warner
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
Time Warner
CEO Jeffrey Bewkes discussed possible plans to spin off Time Warner
Time Warner
Cable and sell off AOL
AOL
and Time Inc. This would leave a smaller company made up of Turner Broadcasting, Warner Bros.
Warner Bros.
and HBO. On February 28, 2008, co-chairmen and co-CEOs of New Line Cinema
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.
Warner Bros.

In 2009, Time Warner
Time Warner
spun out its Time Warner Cable division, and later AOL, as independent companies.

2010S

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
Time Warner
already operates in the country with CNN
CNN
Chile .

In June 2014, 21st Century Fox made a bid for Time Warner
Time Warner
at $85 per share in stock and cash ($80 billion total) which Time Warner's board of directors turned down in July. Time Warner's CNN
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
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
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

In the first quarter of 2010, Time Warner
Time Warner
purchased additional interests in HBO
HBO
Latin America Group for $217 million, which resulted HBO
HBO
owning 80% of the equity interests of HBO
HBO
LAG. In 2010, HBO purchased the remainder of its partners' interests in HBO
HBO
Europe (formerly HBO
HBO
Central Europe) for $136 million, net of cash acquired.

In August 2010, Time Warner
Time Warner
agreed to acquire Shed Media, a TV production company, for £100 million. Its distribution operation, Outright Distribution, was folded into Warner Bros.
Warner Bros.
International Television
Television
Production.

On August 26, 2010, Time Warner
Time Warner
acquired Chilevisión .

In May 2011, Warner Bros.
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.

In June 2012, Time Warner
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
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
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.

Proposed Acquisition By AT&T

On October 20, 2016, it was reported that AT&T
AT&T
was in talks to acquire Time Warner. The proposed deal would give AT AT&T's competitor Comcast
Comcast
had previously acquired NBC Universal 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
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
DirecTV
. The deal has faced criticism for the possibility that AT&T
AT&T
could use Time Warner
Time Warner
content as leverage to discriminate against or limit access to the content by competing providers.

On February 15, 2017, Time Warner
Time Warner
shareholders approved the merger. On February 28, Federal Communications Commission
Federal Communications Commission
chairman Ajit Pai announced that his agency will not review the deal, leaving the review to the Department of Justice . On March 15, 2017, the merger was approved by the European Commission
European Commission
. On August 22, 2017, the merger was approved by Mexican authorities. On September 5, 2017, the merger was approved by Chilean authorities. The United States
United States
is the last country needed for its approval as Brazil approved the merger.

In the wake of the presidency of Donald Trump
Donald Trump
, Time Warner's ownership of CNN
CNN
has been considered a potential source of scrutiny for the deal, as Trump has repeatedly criticized the network for how it has covered his administration , and stated during his campaign that he planned to block the acquisition because of the potential impact of the resulting consolidation. Following his election, however, his transition team stated that the government planned to evaluate the deal without prejudice.

On November 8, 2017, reports of a meeting between AT&T
AT&T
CEO Randall L. Stephenson and Makan Delrahim , assistant Attorney General of the Department of Justice\'s Antitrust Division , indicated that AT&T
AT&T
had been recommended to divest DirecTV
DirecTV
or Turner Broadcasting, seek alternative antitrust remedies, or abandon the acquisition. Some news outlets reported that AT&T
AT&T
had been ordered to specifically divest CNN, but these claims were denied by both Stephenson and a government official the following day, with the latter criticizing the reports as being an effort to politicize the deal. Stephenson also disputed the relevance of CNN
CNN
to the antitrust concerns surrounding the acquisition, as AT Makan Delrahim stated that the deal would "greatly harm American consumers". AT"> The CW
The CW
logo

On January 24, 2006, CBS Corporation
CBS Corporation
and Time Warner
Time Warner
announced that they were to create a new broadcast network, The CW
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
The WB
(a Time Warner holding) and UPN
UPN
(a CBS Corporation
CBS Corporation
holding). CBS Corporation
CBS Corporation
and Time Warner each own 50% of the network. Tribune Broadcasting (previously owned a 25% stake on The WB) and CBS Corporation
CBS Corporation
contributed its stations as new network affiliates.

COMMERCIAL PROPERTIES

Time Warner
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
CNN
news studio. In late 2003, Time Warner
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
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

* Jeff Bewkes , Chairman
Chairman
and CEO * 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

DIVISIONS

* Richard Plepler, Chairman
Chairman
and CEO of HBO
HBO
* John Martin, Chairman
Chairman
and CEO of Turner Broadcasting System * Kevin Tsujihara , Chairman
Chairman
and CEO of Warner Bros.
Warner Bros.
Entertainment

COMPETITION

Time Warner
Time Warner
faces industry competition from traditional media companies such as Sony
Sony
, CBS Corporation
CBS Corporation
, 21st Century Fox , Viacom
Viacom
, The Walt Disney Company
The Walt Disney Company
, and Comcast
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.

SEE ALSO

* New York City
New York City
portal * Companies portal * United States
United States
portal

* List of conglomerates * List of United States
United States
companies * List of assets owned by Time Warner

REFERENCES

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The New York Times
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The New York Times
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Time Warner
Inc. (TWX)". Stock Analysis on Net. Retrieved October 11, 2017. * ^ "About Us - Time Warner
Time Warner
Inc". www.TimeWarner.com. Retrieved December 16, 2017. * ^ "No plans for a HBO
HBO
stock spin-off: Time Warner
Time Warner
CEO". New York Post. September 11, 2014. * ^ " Time Warner
Time Warner
Blog". * ^ Miglani, Jitender (December 6, 2016). "How Time Warner
Time Warner
Makes Money? Understanding Time Warner
Time Warner
Business Model - Revenues & Profits". RevenuesAndProfits.com. Retrieved December 16, 2017. * ^ TimeWarner.com Fact Sheet Page Archived August 28, 2008, at the Wayback Machine
Wayback Machine
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Wayback Machine
. * ^ Spangler, Todd (August 3, 2016). " Time Warner
Time Warner
Acquires 10% Stake in Hulu
Hulu
for $583 Million". * ^ A B Hagey, Keach; Sharma, Amol; Cimilluca, Dana (October 21, 2016). " AT&T
AT&T
Is in Advanced Talks to Acquire Time Warner". The Wall Street Journal. Retrieved October 21, 2016. * ^ Littleton, Cynthia (October 22, 2016). " AT&T
AT&T
Sets $85.4 Billion Time Warner
Time Warner
Deal, CEOs Talks \'Unique\' Potential of Combination". Variety . Retrieved October 23, 2016. * ^ Kang, Cecilia; Merced, Michael J. de la (November 20, 2017). "Justice Department Sues to Block AT&T- Time Warner
Time Warner
Merger". The New York Times. ISSN 0362-4331 . Retrieved December 11, 2017. * ^ " Time Warner
Time Warner
Inc". Time Warner. Retrieved June 25, 2013. * ^ A B "Home Box Office". timewarner.com. * ^ Collins, Scott (January 14, 2013). "Golden Globes 2013: A big night for HBO\'s \'Girls\' and Lena Dunham". Los Angeles Times
Los Angeles Times
. Retrieved May 23, 2013. * ^ " HBO
HBO
GO. It\'s HBO. Anywhere". HBO
HBO
GO. * ^ "Hit Cinemax
Cinemax
Series "Strike Back" Launches Season Three This Summer". The Futon Critic. March 14, 2013. Retrieved May 23, 2013. * ^ Time Warner
Time Warner
2012 Annual Report Archived April 20, 2013, at the Wayback Machine
Wayback Machine
. * ^ "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. * ^ "Turner Pressroom". Turner Pressroom. * ^ " Warner Bros.
Warner Bros.
Pictures Group Has Another Record-Breaking Year at the Box Office". Reuters
Reuters
. January 6, 2012. Retrieved May 23, 2013.

* ^ " Warner Bros.
Warner Bros.
Entertainment". timewarner.com. * ^ "search - WarnerBros.com". * ^ "History of TIME". Time . Time Inc. Retrieved January 10, 2015.

* ^ " The Jazz Singer (1927)". Filmsite . October 6, 1927. Retrieved June 25, 2013. * ^ " Time Warner
Time Warner
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* ^ Los Angeles Times
Los Angeles Times
(July 16, 2012). "Cable\'s biggest milestones". Los Angeles Times
Los Angeles Times
. * ^ "Atari - The History of Atari Computers". About.com . June 21, 2013. Retrieved June 25, 2013. * ^ Dinger, Ed (1998). "The Franklin Mint". International Directory of Company Histories. 69. Archived from the original on October 1, 2009. Retrieved May 23, 2008. * ^ "WARNER TO SELL MOST OF FRANKLIN MINT". Associated Press. December 14, 1984 – via The New York Times. * ^ " CNN
CNN
launches". History . A&E Networks . Retrieved June 25, 2013. * ^ "Sarasota Herald-Tribune - Google News Archive Search". google.com. * ^ "Galbreaths to Sell Pirates PITTSBURGH, Nov. 20 (UPI) - The Galbreath family, which has". The New York Times
The New York Times
. The New York Times Company . November 21, 1984. * ^ Cyclone / X-Troll. "Alive 6 - tramiel". Alive.atari.org. Retrieved June 25, 2013. * ^ " Time Inc. and Warner to Merge, Creating Largest Media Company". The New York Times
The New York Times
. The New York Times
The New York Times
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