Time Warner

Time Warner (formerly AOL Time Warner)

Time Warner is a multinational media conglomerate. Headquartered in Time Warner Centre in New York City. Formerly two separate companies, Warner Communications, Inc. and Time Inc. Along with the assets of a third company, Turner Broadcasting System, Inc, form the current Time Warner, with major operations in film, television and publishing. Among its subsidiaries are New Line Cinema, Time Inc., HBO, Turner Broadcasting System, The CW Television Network, TheWB.com, Warner Bros., Kids' WB, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Hanna-Barbera, Cartoon Network Studios and Castle Rock Entertainment.

Time Warner also innovators in technology, products and services. Their digital products and services reinforce the company's industry-leading brands on all platforms with a focus on growth, engagement and monetization. Among Time Warner's digital initiatives are: Warner Bros.' Studio 2.0, TheWB.com, KidsWB.com, Interactive Entertainment properties as well as bestselling videogames which include LEGO Batman, LEGO Harry Potter: Years 1-4 and Batman Arkham Asylum, DCComics.com, Digital Cinema, TMZ.com, Blu-ray as well as multiple digital downloading and VOD distribution agreements; HBO and Cinemax services offer the most popular subscription video-on-demand products, HBO On Demand and Cinemax On Demand as well as HBO GO and MAX GO, HD feeds and multiplex channels; Time Inc.'s People.com, SI.com and Time.com; Turner Broadcasting's CNN.com, CNN Apps for iPad, iPhone and iPod touch, TCM.com, CartoonNetwork.com, TheSmokingGun.com, AdultSwim.com, Veryfunnyads.com, NASCAR.com, PGA.com, PGATour.com, and PGA Tour App; and joint initiatives like CNNMoney.com, FanNation.com from Time Inc. and Turner.

Time Warner’s Key events in history

1923

Time, a weekly magazine is founded by Henry Luce and Briton Hadden with                            

$86,375 borrowed from friends and Yale classmates. First issue of Time, with fewer than 20,000 subscribers; magazine loses $39,454 in 1923.

1924

Time turns a profit.

1930   

Fortune, a monthly magazine, is published.

1936

Life, a weekly photojournal is published with circulation of more than 500,000 in less than four weeks.  Company diversifies into radio, newsreels,book publishing, oil, and forest products.

1960                                              

90 percent of company’s revenues come from magazines.

1964                                            

Time Inc. trades from over-the counter to the NYSE

1967

Time revenues reach $600 million.

1969

Time's bottom line takes a beating as television becomes a major threat.

1972

Life ceases publication; Money is launched.  HBO, a new form of pay TV, where viewers pay a monthly fee rather than per-view, debuts.  Its first Vice President of Programming is Gerald Levin.

1974 

People magazine is launched.

1975

Gerald Levin, now President and Chairman and CEO of HBO persuades Time Inc. to buy $7.5 million of satellite time to distribute HBO programming, making it available nationwide by April. HBO is owner of 52 cable systems around the country.  By end of year, HBO had 287,000 customers but decifit continues until 1977.

1980

Profits from Time’s video divisions exceed those from magazines for the first time.

One of 10 television households receives HBO.  Time begins to be seen as a cable company.

1985

Levin initiates program suggesting merging with newspapers, broadcasting stations, and network.AOL is incorporated under original founding name, Quantum Computer Services, registered in Delaware

1986

Warner buys out American Express share of Warner-AMEX Cable for $400 million.

1987

Time joined with TCI, the country’s largest multi-system cable operator and other cable companies to bail out overextended Turner Broadcasting System, Cable News Network (CNN).

1988

Warner acquires Lorimar Telepictures.

1989

Time merges with Warner Communications, setting the stage for a string of media consolidations.

America Online service is launched for Macintosh and Apple II

1992

Steve Ross, the architect of the Time Warner deal, dies in December. Levin is named chairman and chief executive officer.

America Online goes public on the NASDAQ market at original price of $11.50 under symbol AMER

1993

Windows version of America Online launched.

1994

AOL reaches 1 million members.

1996

 Time Warner acquires Turner Broadcasting System. Time Warner regroups its operations into Filmed Entertainment, Cable Networks, Publishing & Cable Systems divisions.

AOL tops 5 million members.

1997

AOL tops 10 million members.

1998

AOL completes acquisition of CompuServe.

Standard & Poor announces that America Online will be added to the S&P 500 Index.

1999

Time Warner announces joint venture with ATT to offer local telephone service in 33 states over Time Warner's infrastructure.

AOL completes its acquisition of Netscape Communication Corporation.

AOL tops 20 Million Subscribers

2000

Time Warner and America Online announce a $181 billion merger.

An example of what Time Warner can do

Time Warner also runs a network for doctors and patients. Time Warner Cable announced the launch of Healthcare Solutions in Maine, a service that electronically connects doctors with other physicians, health databases and patients through a secure intranet connection, said a press release. The service also includes Web conferencing through Cisco WebEx, which will allow doctors to hold meetings with one another and patients remotely. Healthcare Solutions works over a managed, secure network that meets federal privacy and security standards and connects to Maine's Health Information Exchange. The press release said Time Warner plans to add applications to allow home health monitoring – meaning doctors will be able to remotely check patients' biometric data. "We are using our network so doctors can connect with patients in their homes and do teleconferences and monitor blood pressure and vitals," said Andrew Russell, Time Warner spokesman. "We are breaking into new product lines." 

 After doing research on Time Warner I now know how powerful some media conglomerates are. Time Warner is one of the most powerful media companies in the world. Because of their worldwide popularity Time Warner has access to governments all over the world and is basically involved in everything they do and have a effectual saying in what ever the government does. Time Warner repeat their own opinion in different formats as they own a neverending amount of publications, tv networks and radio station and internet sites. Because of all these formats people tend to believe the stories. But, some of the stories arent always true or always false.