Time Warner
The Time Warner Inc. is an international media company with diverse business activities. Time Warner is headquartered in New York and was created in 1989 through the merger of Time Inc. and Warner Communications. The company's stock is listed under the symbol " TWX " on the New York Stock Exchange.
At Time Warner include the film and television studio Warner Bros., the pay-TV channel Home Box Office ( HBO), the Time Inc. Book and magazine publishers as well as the comic book publisher DC, the superhero comics in order, among other things as original publisher Superman and Batman releases.
Company History
In 1996, merged with Time Warner, Ted Turner's Turner Broadcasting System ( TBS), a holding company, which brought, among other cable channels like CNN and TNT, Turner Entertainment, the film studio New Line Cinema, and various sports teams Atlanta in the Group.
On 10 January 2000, the Internet service provider AOL announced its intention to take over Time Warner in a stock transaction. The merger was completed in 2001 and the newly created border consolidated henceforth called AOL Time Warner. The bursting of the dotcom bubble was symptomatic of the development of the group - the continuing skepticism of the stock market to companies with Dotcom reference, consolidated Group bleed out slowly. After depreciation and impairment losses at AOL, the Group recorded for fiscal year 2002 a loss of 99 billion U.S. $ from.
To counteract the downward spiral, 2003 AOL was removed again from the company name. The same prescribed shock treatment was reflected in the following months in sales of various parts of the company down. Affected by the sale are:
- Warner Music Group ( WMG )
- Time Warner Book Group ( TWBG )
- Warner Music Manufacturing Europe ( WMME )
- Warner Advanced Media Operations ( WAMO )
- Warner Media Services (WMS ) aka Ivy Hill
- World Championship Wrestling ( WCW )
On 28 May 2009 Time Warner announced in a press release that AOL will occur from 2010 as a separate brand.
In August 2010, Time Warner bought the Chilean TV channel Chilevisión.
Sales and profit development
Following the merger of AOL and Time Warner in 2000, the market value was an estimated total of 350 billion U.S. $. This sum fell continuously since then and in 2009 reached 65.7 billion U.S. dollars.
Companies out of the house Time Warner
Since the cleanup within the group, there are seven independent business branches: Warner Bros. Entertainment, Time Inc., Home Box Office, Turner Broadcasting System, New Line Cinema and Time Warner Cable. For current inventory (as of 2013) of the seven sectors of business include:
- Warner Bros., New Line Cinema - Film Studios
- Global Media Group
- HBO, Cinemax, Turner Classic Movies - TV channels dedicated to movies
- TBS Superstation, TNT, Cartoon Network - TV channels
- CNN, HLN - 24 hour news station
- Time Warner Cable - a cable network company
- TIME Magazine - a weekly news magazine
- People Magazine - a weekly magazine about celebrities
- Sports Illustrated - a sports magazine
- Fortune, Money Magazine - Economic and Investment Magazine
- Atlanta Braves - a baseball team
- DC Comics - a comic book publisher
- MAD magazine - a satirical magazine