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Encyclopedia > Time Warner
Time Warner Inc.
Type Public (NYSE: TWX)
Founded Merger between Time Inc. and Warner Communications (1990); subsequently purchased by AOL (2001)
Headquarters New York City, New York (incorporated in Wilmington, Delaware) [1]
Key people Richard D. Parsons, Chairman and CEO
Wayne Pace, CFO
Jeffrey L. Bewkes, President and COO
Industry Broadcasting, publishing, Internet, telecommunications
Products See list of assets owned by Time Warner.
Revenue Image:green up.png$44.70 billion USD (2006)
Employees 87,000 (2005)
Website timewarner.com

Time Warner Inc. (NYSETWX) is the world's largest media and entertainment conglomerate headquartered in New York City, with major operations in film, television, publishing, Internet service and telecommunications. Among its subsidiaries are AOL, Home Box Office, New Line Cinema, Time Inc., Time Warner Cable, Turner Broadcasting System, and Warner Bros. Entertainment. Image File history File links Time_Warner. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Time Inc. ... Warner Communications, formerly Kinney National Company, was the parent company for Warner Bros. ... It has been suggested that AOL search data scandal be merged into this article or section. ... New York, New York and NYC redirect here. ... “NY” redirects here. ... : Chemical Capital of the World , Corporate Capital of the World , Credit Card Capital of the World : A Place to Be Somebody United States Delaware New Castle 17. ... Capital Dover Largest city Wilmington Area  Ranked 49th  - Total 2,491 sq mi (6,452 km²)  - Width 30 miles (48 km)  - Length 100 miles (161 km)  - % water 21. ... Richard D. Parsons is the present CEO and Chairman of the Board of the largest media company in the world, Time Warner, Inc. ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Wayne H. Pace (born 1946 or 1947) is currently the chief financial officer and executive vice president of Time Warner Inc. ... CFO is usually short for Chief Financial Officer, but may also mean: Carrier frequency offset Ceramic fiber optics Chief Fire Officer Chief of Flight Operations Conselho Federal de Odontologia (cfo. ... Jeffrey L. Bewkes is the President and COO of the Time Warner media conglomerate. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ... Broadcasting is the distribution of audio and/or video signals which transmit programs to an audience. ... “Publisher” redirects here. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ... Time Warner Inc. ... Look up revenue in Wiktionary, the free dictionary. ... Green up arrow for a positive change in revenue from last fiscal year. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... New York, New York and NYC redirect here. ... “Moving picture” redirects here. ... “Publisher” redirects here. ... An Internet Service Provider (ISP) is a business or organization that offers users access to the Internet and related services. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ... It has been suggested that AOL search data scandal be merged into this article or section. ... HBO (Home Box Office) is the premium television programming subsidiary of Time Warner. ... New Line Cinema, founded in 1967, is one of the major American film studios. ... Time Inc. ... Time Warner Cable (NYSE: TWC) is an American national cable television company that operates in 27 states and has 31 operating divisions. ... Turner Broadcasting System logo The Turner Broadcasting System (often abbreviated to Turner or TBS) is the company managing the collection of cable networks and properties started by Ted Turner from the mid-1970s to the late-1990s. ... The WB Shield, used from 2001 to late 2003. ...

Contents

History

Origins

Warner Communications was established in 1972 when Kinney National Company spun off its non-entertainment assets, due to a financial scandal over its parking operations. Kinney National Company was formed in 1966 when the Kinney Parking Company and the National Cleaning Company merged. ...


It was the parent 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. Warner made considerable profits (and later losses) with Atari, which it owned from 1976 to 1984. In 1976, Nolan Bushnell sold his Atari company to Warner Communications for an estimated $28 - $32 million. 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. Warner Bros. ... This article does not cite any references or sources. ... DC Comics is an American comic book and related media company. ... Harvey Kurtzmans cover for the first issue of the comic book Mad Mad is an American humor magazine founded by publisher William Gaines and editor Harvey Kurtzman in 1952. ... Garden State National Bank (Garden State) was a mid-size commercial bank located in northern New Jersey that enjoyed success in the increasingly wealthy New Jersey suburbs on New York City during the 1970s. ... The Bank Holding Company Act of 1956 (, ) is a United States Act of Congress that regulates the actions of bank holding companies. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... William A. Conway was born on April 16, 1910 and died on March 31, 2006. ... This article is about a corporate game company. ... Nolan K. Bushnell (born February 5, 1943) is an American electrical engineer and entrepreneur who founded both Atari and the Chuck E. Cheeses Pizza-Time Theaters chain. ... This article is about a corporate game company. ... This article is about a corporate game company. ... The Atari 2600, released in October 1977, is the video game console credited with popularizing the use of microprocessor based hardware and cartridges containing game code, instead of having non-microprocessor dedicated hardware with all games built in. ... This article is about a corporate game company. ...


In the 1970s, 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, Nickelodeon and Showtime. Warner bought out American Express's half in 1984, and sold the venture a year later to Viacom, which renamed it MTV Networks. Steve Ross (September 17, 1927 - December 20, 1992) was responsible for the 1990 merger of Warner Communications and Time Inc. ... American Express (NYSE: AXP), sometimes known as AmEx or Amex, is a diversified global financial services company, headquartered in New York City. ... Warner-Amex Satellite Entertainment Company (WASEC) was a joint venture run by Warner Communications and American Express. ... MTV (Music Television) is an American cable television network based in New York City. ... This article is about the TV channel. ... This article needs to be updated. ... Viacom (pronounced with a long i as in eye) began life as CBS Films, the television syndication division of CBS. In 1971, the division was renamed VIACOM (VIdeo & Audio COMmunications), and in 1973 it was spun off, amid new FCC rules forbidding television networks from owning syndication companies (the rules... MTV Networks is a division of media conglomerate Viacom that oversees the operation of many TV network and Internet brands, including the first MTV channel. ...


In February 1983, Warner expanded their interests to baseball. Under the direction of Ceasar P. Kimmel, executive vice president, bought 48 percent of the Pittsburgh Pirates for $10 million. It then put up its share for sale in November 1984 following losses of $6 million. The team's elderly majority owner, John W. Galbreath, soon followed suit after learning of Warner's actions. [2] Major league affiliations National League (1887–present) Central Division (1994–present) Current uniform Retired Numbers 1, 4, 8, 9, 20, 21, 33, 40, 42 Name Pittsburgh Pirates (1891–present) Pittsburgh Innocents (1890) Pittsburg Alleghenies (1882–1889) (Also referred to as Infants in 1890) Ballpark PNC Park (2001–present) Three Rivers... John W. Galbreath (August 10, 1897 - July 20, 1988) was an American building contractor, sportsman and philanthropist. ...

Turner Broadcasting logo
Turner Broadcasting logo
1999 Time Warner logo

In 1984, due to the video game crash of 1983, Warner sold the consumer division of Atari to Jack Tramiel. It kept the arcade division and renamed it Atari Games. They sold Atari Games to Namco in 1985, and repurchased it in 1994, renaming it Time-Warner Interactive, until it was sold to Midway Games in 1996. Meanwhile, In 1987, it was announced that Warner Communications and Time Inc. were to merge. The last thing Warner did before the merger closed in 1989 was to buy out Lorimar-Telepictures. In early 1990, the combined companies were named Time Warner. This company subsequently acquired Ted Turner's Turner Broadcasting System in October 1996. Image File history File links Turner_logo_06. ... Image File history File links Timewarnerold. ... Image File history File links Timewarnerold. ... ET for the Atari 2600 is considered by many to be emblematic of the crash along with the Atari 2600 version of Pac-Man. ... This article is about a corporate game company. ... Jack Tramiel (born 1928) is a businessman, famous for founding Commodore International, manufacturer of the Commodore 64 and Commodore Amiga home computers, and later President and CEO of Atari Corp. ... Atari Games was an American producer of arcade games, and originally part of Atari Inc. ... Atari Games was an American producer of arcade games, and originally part of Atari Inc. ... Namco Ltd ) is a amusement company based in Japan, best known overseas for video games development. ... Midway Games (NYSE: MWY) is an American video game publisher. ... Lorimar-Telepictures was a television syndication firm established in 1986 with the merger of Lorimar and Telepictures. ... Robert Edward Turner III (born November 19, 1938) in Cincinnati, Ohio[1]) is an American media mogul and philanthropist. ... Turner Broadcasting System logo The Turner Broadcasting System (often abbreviated to Turner or TBS) is the company managing the collection of cable networks and properties started by Ted Turner from the mid-1970s to the late-1990s. ...


Time Warner had also been owner of the Six Flags Theme Parks chain during the 1990s after near bankruptcy. It sold all Six Flags parks and properties to Oklahoma based Premier Parks on April 1st, 1998. Some theme park insiders argue that Six Flags was much better off under Time Warner ownership.[citation needed] This article is about the theme park chain. ...


America Online merger

In 2000, a new company called AOL Time Warner was created when AOL purchased Time Warner for US$164bn.[3] The deal, announced on 10 January 2000[4] and officially filed on 11 February 2000,[5] 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,[6] and gave final approval on January 11, 2001;[citation needed] the company completed the merger later that day.[7] The deal was approved on the same day by the Federal Communications Commission,[5] and had already been cleared the European Commission on 11 October 2000.[8] The shareholders of AOL owned 55% of the new company while Time Warner shareholders owned only 45%,[4] meaning that the smaller AOL had in fact bought out the far larger Time Warner. It has been suggested that AOL search data scandal be merged into this article or section. ... The United States dollar is the official currency of the United States. ... FTC headquarters, Washington, D.C. The Federal Trade Commission (or FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. ... is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... is the 11th day of the year in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... The FCCs official seal. ... The Commission seat in Brussels The European Commission (formally the Commission of the European Communities) is the executive body of the European Union. ...

There has been some speculation about the motivations of each party. Some observers believed that Time Warner was struggling to integrate "new media" into its business. At the time of the announcement, Time Warner executives spoke of the need to "digitize their business." They were also eager to be attached to a dot-com company, as the dot-com bubble was near its peak. A merger with AOL provided a huge subscriber base of Internet users, along with online marketing know-how. While some business journalists have reported that AOL executives felt that AOL stock was severely overvalued and that a big merger was the only way to avoid a collapse in valuation,[9] it this could merely have been a small part of AOL executives' desire to diversify the assets of the company beyond the Internet and online sectors. In addition, executives at AOL were quite concerned about the prospect of increased competition with Microsoft and sought to enlarge the company as a defensive measure. Finally, AOL executives believed that the integration of AOL's Internet distribution and Time Warner's content would create a tremendous amount of value for both sides of the company. New media refers to new forms of human and media communication that have been transformed by the creative use of technology to fulfill the same basic social need to interact and transact. ... This article or section does not cite its references or sources. ... The dot-com bubble was a speculative bubble covering roughly 1995–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. ... Online means being connected to the Internet or another similar electronic network, like a bulletin board system. ...


Media companies felt that the vertically integrated AOL Time Warner would unfairly promote its own content within its outlets. This fear existed before the merger, but Time Warner was thought to be a conglomeration of very independent divisions. It was feared that this would change with the influence of AOL executives. It has been suggested that Vertical expansion be merged into this article or section. ...


Consumer advocates were concerned with the threat of product tying between Time Warner's cable TV systems and AOL's Internet service. Some consumer groups saw a possible attempt to corner the Internet-over-TV market, whereby AOL could force all of the Time Warner cable subscribers to use AOL branded Internet-TV. Smaller internet service providers feared that AOL would tie its Internet service to Time Warner's cable modem service. Some ISPs wanted the opportunity to use Time Warner's cable network as a common carrier for their services, which competed with AOL. AOL and Time Warner pledged not to violate any antitrust regulations. Product tying is the practice by a supplier to force customers to buy multiple products as part of a package. ... Cable television or Community Antenna Television (CATV) (and often shortened to cable) is a system of providing television, FM radio programming and other services to consumers via radio waves transmitted directly to people’s televisions through fixed coaxial cables as opposed to the over-the-air method used in... “ISP” redirects here. ... “ISP” redirects here. ... Motorola Surfboard cable modem A cable modem is a type of modem that provides access to a data signal sent over the cable television infrastructure. ... A common carrier is an organization that transports persons or goods, and offers its services to the general public. ...


Many observers were shocked that a large, diversified media conglomerate was being acquired by a much smaller company. Market conditions at the time of the merger placed a greater premium on Internet-related stocks than on traditional media stocks. AOL's high market capitalization relative to that of Time Warner made the acquisition possible. The deal has since become a symbol of the Dot com bubble and is widely regarded as a disaster, with a $2.4 billion shareholder settlement, a further $600 million set aside and a $5 billion price boosting share buyback program announced on August 3, 2005. Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ... Dot-com (also dotcom or redundantly dot. ... is the 215th day of the year (216th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


AOL CEO Steve Case became executive chairman of the new company, while Time Warner CEO Gerald Levin retained the CEO title. Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Steve Case (born August 21, 1958) is a businessman best known as the co-founder and former chief executive officer and chairman of America Online (AOL). ... Gerald M. Levin (b. ...


Post-merger

AOL Time Warner logo

After the merger, the profitability of the ISP division (America Online) decreased. Meanwhile, the market valuation of similar independent internet companies drastically fell. As a result, the value of the America Online division dropped significantly. This forced a goodwill write down, causing AOL Time Warner to report a loss of $99 billion in 2002 - at the time, the largest loss ever reported by a company. Image File history File links Aoltw. ... Image File history File links Aoltw. ... Look up Goodwill in Wiktionary, the free dictionary. ... A write-down is a partial reduction of a fixed assets accounted value. ...


In response to the huge loss in 2002, the company dropped the "AOL" from its name, and removed Steve Case as executive chairman in favor of Richard Parsons, with AOL remaining a part of the company. Case resigned from the Time Warner board on October 31, 2005.[10] Richard Parsons (born April 4, 1948), is the chairman and CEO of Time Warner. ... is the 304th day of the year (305th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


Since the merger, a number of transactions have taken place:

  • The professional wrestling company WCW was sold to competitor WWE for $7 million.
  • The Atlanta Hawks, Atlanta Thrashers, and operating rights to Philips Arena were sold in mid-2003.
  • The fifty percent share in the cable channel Comedy Central was sold to Viacom.
  • Warner Music Group was sold to a group of investors led by Edgar Bronfman Jr. in March 2004.
  • AOL/Netscape's longrunning litigation against Microsoft was settled out of court.
  • Time Warner announced that it was shutting down its CNNfn financial information channel and disposing of its share in Google (2004).
  • On March 31, 2006 Time Warner sold the Time Warner Book Group to French publisher Hachette Livre, of the Lagardere group.
  • On February 7, 2006, a group led by corporate raider Carl Icahn and Lazard Frères CEO Bruce Wasserstein unveiled a 343-page proposal calling for the breakup of Time Warner into four companies and stock buybacks totaling approximately $20 billion. On February 17, 2006, the Icahn-lead group agreed with Time Warner to not contest the re-election of TW's slate of board members at the 2006 shareholders meeting. In exchange for the Icahn group's cooperation, Time Warner will buy back up to $20 billion of stock, nominate more independent members to the board of directors, cut $1 billion of costs by 2007, and continue discussions with the Icahn group over their proposal, particularly on the future of Time Warner Cable.
  • On February 23, 2006, Time Warner announced that Turner South, a regional sports and entertainment network in the south, will be sold to News Corp.'s Fox Cable Networks group.
  • On September 12, 2006, Time Inc. announced that Time4 Media, a group of men's interest magazines including Popular Science and Outdoor Life was to be put up for sale. The sale will include 18 publications (including three parenting-related titles).
  • In the fall of 2006, the Atlanta Braves were sold to Liberty Media in a deal that returned vast amounts of Liberty-owned Time Warner stock back into the company's folds.

This article does not cite any references or sources. ... For the Australian professional wrestling promotion, see World Championship Wrestling (Australia). ... World Wrestling Entertainment, Inc. ... The Atlanta Hawks are an American professional basketball team based in Atlanta, Georgia. ... The Atlanta Thrashers are a professional ice hockey team based in Atlanta, Georgia. ... The Philips Arena is a indoor arena in Atlanta, Georgia. ... Comedy Central is an American cable television and satellite television channel in the United States. ... Viacom (pronounced with a long i as in eye) began life as CBS Films, the television syndication division of CBS. In 1971, the division was renamed VIACOM (VIdeo & Audio COMmunications), and in 1973 it was spun off, amid new FCC rules forbidding television networks from owning syndication companies (the rules... This article does not cite any references or sources. ... Netscape Communications Corporation was the publisher of the Netscape Navigator web browser as well as many other internet and intranet client and server software products. ... Microsoft Corporation, (NASDAQ: MSFT, HKSE: 4338) is a multinational computer technology corporation with global annual revenue of US$44. ... CNNfn was an US cable television news network owned by Time Warner between 1996 and December 15, 2004. ... This article is about the corporation. ... March 31 is the 90th day of the year in the Gregorian calendar (91st in leap years), with 275 days remaining. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... TWBG, with offices in New York, Boston, Indiana, Nashville and Los Angeles, includes the imprints Warner Books, Little, Brown & Co. ... This article does not cite any references or sources. ... The Lagardère Group (also Lagardère SCA) is a large French group of companies, diversified in publishing, aerospace, and automotive. ... is the 38th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article or section does not cite any references or sources. ... Lazard LLC NYSE: LAZ is a New York-based, independent investment bank with more than 2,500 employees in Asia, North America, and Europe. ... Bruce Wasserstein (born December 25, 1947 in Brooklyn, New York)[1] is an American investment banker and businessman. ... is the 48th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... February 23 is the 54th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Turner South is a popular regional cable tv network that shows sports and variety programming. ... News Corporation (NYSE: NWS) is a media conglomerate that operates world-wide. ... is the 255th day of the year (256th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is not about the magazine, Popular Science Popular science is interpretation of science intended for a general audience, rather than for other scientists or students. ... Outdoor Life is an outdoors magazine featuring hunting, fishing, survival and camping skills. ... Major league affiliations National League (1876–present) East Division (1994–present) Current uniform Retired Numbers 3, 21, 35, 41, 42, 44 Name Atlanta Braves (1966–present) Milwaukee Braves (1953-1965) Boston Braves (1941-1952) Boston Bees (1936-1940) Boston Braves (1912-1935) Boston Rustlers (1911) Boston Doves (1907-1910) Boston... The Liberty Media Corporation is an American media conglomerate. ...

The CW Television Network

See also: The CW Television Network

On January 24, 2006, CBS Corporation and Time Warner announced that they were to create a new broadcast network, The CW Television Network. 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 CW” redirects here. ... is the 24th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... “The CW” redirects here. ... is the 261st day of the year (262nd in leap years) in the Gregorian calendar. ... is the 263rd day of the year (264th in leap years) in the Gregorian calendar. ... “ANTM” redirects here. ...


The network is the result of a merger of The WB Television Network (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. The Warner Bros. ... UPN (which originally stood for the United Paramount Network) was a television network in over 200 markets in the United States. ... Tribune Broadcasting is a group of radio and television stations located throughout the United States which are owned and operated by the Tribune Company, a media conglomerate based in Chicago, Illinois. ... The WB Television Network is a television network in the United States, founded as a joint venture between the Warner Bros. ...


Services

Time Warner Cable has since reexpanded and offers the following services:

Road Runner is a nationwide Internet service provider focused on providing service over DOCSIS-compatible cable modems. ... “ISP” redirects here. ... Time Warner Cable (NYSE: TWC) is an American national cable television company that operates in 27 states and has 31 operating divisions. ... Video on demand (VOD) systems allow users to select and watch video and clip content over a network as part of an interactive television system. ... Foxtel IQ, a digital video recorder and a satellite cable set-top box. ... Long distance in telecommunications, refers to telephone calls made outside a certain area, usually characterized by an area code outside of a local call area. ...

Time Inc.

The Time Inc. division publishes approximately 150 titles worldwide. It is the leading magazine publisher in the U.S. and UK, and is understood to be profitable at US$5 billion in annual revenues.[11] As of January 2007, the unit is experiencing downsizing.[12] In January 2007, the Bonnier Magazine Group agreed to acquire 18 magazines that Time Inc. was divesting. The magazines in the package employed 550 people and included Field & Stream, Outdoor Life, Ski, Yachting, and TransWorld Snowboarding, as well as 11 other titles that were part of Time Inc.'s Time4Media Group. Also included were Parenting, and Baby Talk, which were part of the Parenting Group.[13] Time Inc. ... Bonnier (also the Bonnier Group) is a privately-held Swedish media group of 150 companies operating in 21 countries. ... Field & Stream (F&S for short, originally published as Forest and Stream) is a magazine featuring hunting, fishing, and other outdoor activities in the United States. ... Outdoor Life is an outdoors magazine featuring hunting, fishing, survival and camping skills. ... Yachting is a monthly English-language magazine published since 1907. ... Parenting is a magazine published in the United States. ... Baby talk, motherese, parentese, or child-directed speech (CDS) is a non-standard form of speech used by adults, particularly mothers, in talking to toddlers and infants. ...


Financials

In 2004, Time Warner's market capitalization was $84 billion. When the AOL-Time Warner merger was announced in January 2000, the combined market capitalization was $280 billion. Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ...


For fiscal year 2002 the company reported a $99 billion loss on its income statement [14] because of $100 billion in non-recurring charges, almost all from a writedown of the goodwill (intangible asset) from the merger in 2000. (The value of the AOL portion of the company had dropped sharply with the collapse of the Internet boom, in the early 2000s.) An Income Statement, also called a Profit and Loss Statement (P&L), is a financial statement for companies that indicates how net revenue (money received from the sale of products and services before expenses are taken out, also known as the top line) is transformed into net income (the result... Intangible assets are defined as those non-monetary assets that cannot be seen, touched or physically measured and which are created through time and/or effort. ...


Commercial properties

Time Warner Inc. 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, 55-floor mixed-use property was renamed Time Warner Center when the company itself was renamed. The Cable News Network, commonly known as CNN, is a major cable television network founded in 1980 by Ted Turner. ... View of Columbus Circle, looking east down Central Park South from inside the Time Warner Center. ... Central Park is a large public, urban park (843 acres, 3. ... Time Warner Center and Columbus Monument. ...


Board of directors

As of Jan 2007.

Jim Barksdale was the president and CEO of Netscape Communications Corporation from January 1995 until the company merged with AOL in March 1999. ... Stephen F. Bollenbach has been the Co-Chairman and Chief Executive Officer of Hilton Hotels Corporation since May 2004. ... Hilton Hotels Corporation headquarters in Beverly Hills Hilton Hotels Corporation (NYSE: HLT) is one of the leading global hospitality companies. ... Co-Founder of the Kleiner Perkins Caufield & Byers. ... Kleiner, Perkins, Caufield & Byers is a major Sand Hill Road venture capital firm in Silicon Valley. ... Robert C. Clark is currently Harvard University Distinguished Service Professor of the Harvard Law School. ... Harvard University (incorporated as The President and Fellows of Harvard College) is a private university in Cambridge, Massachusetts, USA and a member of the Ivy League. ... Axel Springer AG is one of the largest newspaper publishing companies in Europe, claiming to have over 150 newspapers and magazines in over 30 countries, including several central and eastern european countries: Hungary, Poland, the Czech Republic, Russia and western european countries: Germany, France, Spain, Switzerland, more than 10,000... Jessica Einhorn currently serves as dean of The Paul H. Nitze School of Advanced International Studies (SAIS) of The Johns Hopkins University in Washington, D.C.. Einhorn succeeds Paul Wolfowitz who left in 2001 to become the U.S. Deputy Secretary of Defense. ... The Johns Hopkins University, founded in 1876, is a private institution of higher learning located in Baltimore, Maryland, United States. ... This article or section does not adequately cite its references or sources. ... Michael A. Miles serves on the board of directors of Time Warner, Sears Holdings Corporation, Dell Inc. ... Altria Group, Inc. ... Altria Group, Inc. ... Ken Novack, a Dartmouth College alumnus, is an American lawyer who currently sits on the board of BBN Technologies and is a special advisor to General Catalyst Partners. ... Richard D. Parsons is the present CEO and Chairman of the Board of the largest media company in the world, Time Warner, Inc. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... Francis Thomas Fay Vincent, Jr. ... This article needs cleanup. ...

Senior Executives

Time Warner Inc.

Richard D. Parsons is the present CEO and Chairman of the Board of the largest media company in the world, Time Warner, Inc. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Jeffrey L. Bewkes is the President and COO of the Time Warner media conglomerate. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ...

Subsidiaries

A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... AOL LLC (formerly America Online, Inc) is an American online service provider, bulletin board system, and media company operated by Time Warner. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Time Warner Cable (NYSE: TWC) is an American national cable television company that operates in 27 states and has 31 operating divisions. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Warner Bros. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... HBO (Home Box Office) is a premium cable television network with headquarters in New York City. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Turner Broadcasting System logo The Turner Broadcasting System (often abbreviated to Turner or TBS) is the company managing the collection of cable networks and properties started by Ted Turner from the mid-1970s to the late-1990s. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Time Inc. ... Categories: Possible copyright violations ... New Line Cinema, founded in 1967, is one of the major American film studios. ... Michael Lynne is an American movie executive, co-founder of New Line Cinema. ... New Line Cinema, founded in 1967, is one of the major American film studios. ...

Competition

Time Warner faces competition from traditional media companies such as CBS Corporation, News Corporation, and Viacom, as well as online search portals such as Yahoo!, and Google. According to the recent 10Q, in order to remain competitive, Time Warner and AOL must keep pace with rapid technological changes on the internet. Time Warner's business may be severely impacted by the increasing piracy of feature films, television programming and other content which decreases company revenues.[15] CBS Corporation (NYSE: CBS) is an American media conglomerate focused on broadcasting, publishing, billboards, and television production, with most of its operations in the United States. ... 1211 Avenue of the Americas (Sixth Avenue), where News Corporation is based News Corporation (abbreviated to News Corp) (NYSE: NWS, NYSE: NWSa, ASX: NWS, LSE: NCRA) is one of the worlds largest media conglomerates. ... Viacom (NYSE: VIA) (NYSE: VIAb) is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). ... Yahoo! Inc. ... This article is about the corporation. ... It has been suggested that AOL search data scandal be merged into this article or section. ...


AOL's subscriber base is declining, and declines are expected to continue, adversely affecting subscription and advertising revenue. As more individuals are using non-PC devices to access the Internet, AOL is under pressure to secure placement of its services and applications on mobile devices.


Box office receipts and the growth rate of DVD sales have recently been declining, which adversely affects Warner Brothers' growth prospects and revenues.[16]


Controversy

Time Warner has been criticized for its funding associated with Planned Parenthood, listed as a boycott target by Life Decisions International. [17] This article is about Planned Parenthood Federation of America. ... Look up Boycott in Wiktionary, the free dictionary. ...


See also

3M ABB Aditya Birla Group Berkshire Hathaway Clear Channel Emerson Fiat Group Fortune Brands General Electric ITT KeyCorp Kirloskar Group Maxxam Mitsubishi News Corporation Norsk Hydro Raytheon Reliance Industries Siemens AG Sime Darby Sony Tata Group Textron ThyssenKrupp Time Warner Tyco United Technologies Viacom Category: ... This is a list of companies from the United States: #Current companies #Former companies, including acquired and merged ones #By industry #By location #See also Contents: Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U... Time Warner Inc. ... Time-Life is a book, music, and video marketer, that since 2003 has been combined with catalog reseller Lillian Vernon as a subsidiary of Direct Holdings Worldwide, and is no longer owned by its former parent Time Warner. ... Robert Edward Turner III (born November 19, 1938) in Cincinnati, Ohio[1]) is an American media mogul and philanthropist. ... Steve Case (born August 21, 1958) is a businessman best known as the co-founder and former chief executive officer and chairman of America Online (AOL). ... Ubu Roi the Dog, UBU Productions mascot logo from 1982-present. ... Reel Works Teen Filmmaking is a media organization, founded by film industy members John C. Williams and Stephanie Walter Williams, that gives New York City youth an opportunity to use film equipment provided by Reel Works to make short documentaries, detailing their lives as young teenagers living in a bustling...

Past names

Kinney Parking Company was originally a New Jersey funeral home company which expanded into New York parking lots, office cleaning firms and construction companies. ... Kinney National Company was formed in 1966 when the Kinney Parking Company and the National Cleaning Company merged. ... Warner Communications, formerly Kinney National Company, was the parent company for Warner Bros. ...

Footnotes

  1. ^ Corporate Governance, TimeWarner website
  2. ^ Galbreaths to Sell Pirates PITTSBURGH, New York Times
  3. ^ Top Mergers & Acquisitions (M&A) Deals (2007-03-28). Retrieved on 2007-05-05.
  4. ^ a b America Online and Time Warner Will Merge to Create World's First Internet-Age Media and Communications Company. Time Warner corporate homepage (10 January 2000). Retrieved on 2007-05-06.
  5. ^ a b Federal Communications Commission (25 March 2003). America Online-Time Warner Merger Page. Federal Communications Commission homepage. Retrieved on 2007-05-06.
  6. ^ Federal Trade Commission (14 December 2000). FTC Approves AOL/Time Warner Merger with Conditions. Federal Trade Commission website. Retrieved on 2007-05-06.
  7. ^ Patrick Ross, Evan Hansen (11 January 2001). AOL, Time Warner complete merger with FCC blessing. CNET News.com. Retrieved on 2007-05-06.
  8. ^ EU statement: AOL, Time Warner. BBC News Online (11 October 2000). Retrieved on 2007-05-06.
  9. ^ Edward S. Herman (16 January 2000). The AOL-Time Warner merger: billboarding the Information Superhighway. ZNet Daily Commentaries. Retrieved on 2007-05-05.
  10. ^ CNN.com
  11. ^ NYPost
  12. ^ NYTimes January 2007
  13. ^ NY Post
  14. ^ TWX annual statement
  15. ^ Time Warner profile
  16. ^ Recent 10Q Report
  17. ^ Life Decisions International - Press Room. Life Decisions International. Retrieved on 2007-08-14.

The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 125th day of the year (126th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... CNET Networks Inc. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... BBC News Online logo The BBC News Website in February 2006. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 126th day of the year (127th in leap years) in the Gregorian calendar. ... ZNet, of Z Communications, founded in 1995, is a large website updated many times daily to convey information and provide community, generally focusing on politics from a left-wing perspective. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 125th day of the year (126th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 226th day of the year (227th in leap years) in the Gregorian calendar. ...

External links


  Results from FactBites:
 
Time Warner: Legal & Privacy (2078 words)
Time Warner reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with Time Warner in asserting any available defenses.
While Time Warner tries to ensure that any information posted to this website is both timely and accurate, errors may appear from time to time and certain information may not be the most current information available.
Time Warner will only use personally identifiable data provided at this site for the purposes described at the time it is collected (for example, the e-mail addresses visitors provide in order to receive e-mail alerts will only be used for the purpose of sending these e-mail alerts).
Time Warner: Time Inc. (675 words)
Time Inc. is one of the largest content companies in the world, with a portfolio of approximately 125 titles, including some of the world’s most popular, powerful and trusted brands.
Time Inc. is the largest magazine publisher in the U.S. and U.K., and the third-largest publisher in Mexico.
Time Inc. also won four out of five categories in the Magazine Publishers of America 2007 Digital Awards, with Web site of the year winners including TIME.com in the Business/News category; InStyle.com in the Fashion category; EW.com in the Entertainment/ Celebrity category (with People.com in second place); and SI.com in the Sports/Enthusiast category.
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