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Turner Broadcasting System: Time Warner

Turner Broadcasting System: Time Warner

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Chapters: Time Warner. Source: Wikipedia. Pages: 53. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Time Warner (formerly AOL Time Warner) (NYSE: TWX) is the world's second largest entertainment conglomerate in terms of revenue (behind Vivendi and ahead of News Corporation and Disney), as well as the world's largest media conglomerate, headquartered in the Time Warner Center 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, The CW4Kids, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros. Games, Castle Rock Entertainment, New Line Television, Picturehouse, Warner Premiere and Warner Independent Pictures. 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 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. In 1976, Nolan Bushnell sold his Atari company to Warner Communications for an estimated $2832 million. Warner made considerable profits (and later losses) ...More: http://booksllc.net/?id=83045