AOL TiMe WarNeR..x

Time Warner Inc. is a leading global media and entertainment company with businesses in filmed entertainment, interactive services, television networks, cable systems and publishing.

Background & History...

AOL Time Warner was originally an independent company before its merge with AOL. This merger around January 2000 united the biggest name in the world of traditional media with the biggest in new media.

The company owns CNN, HBO, the Cartoon Network; magazines like Time, People, Fortune, and Sports Illustrated; and the Warner Brothers movie, television, and music studios. Time Warner employees 70,000 people, and before today was valued at about $100 billion. Time Warner itself is the product of several mergers, including bringing together Time, Inc. with Warner Brothers, and most recently folding Turner Broadcasting System.

AOL, or America Online, based in Virginia, is the nation's largest online company, providing more than 20 million subscribers with access to the Internet. About 12,000 people work for AOL, and prior to the announcement, it was valued at $163 billion. America Online has also previously merged with other companies, including Netscape and CompuServe. AOL will own 55 percent of the new company; Time Warner will own 45%. He said the new company starts out with a large customer base.

Ownership & Main People...

The Senior Executives which are responsible for the company are:

Richard D. Parsons, Chairman/CEO
Wayne Pace, CFO
Jeffrey L. Bewkes, President/COO

The following link shows us the vast range of media productions this institution owns...

http://www.cjr.org/tools/owners/timewarner.asp

Finances, Business Ventures & Incomes...

In 2004, Time Warner's market capitalization was $84 billion (2004). When the AOL-Time Warner merger was announced in January 2000, the combined market capitalization was $280 billion. For economic year 2002 the company reported a $99 billion loss on its income statement because of $100 billion in non-recurring charges, almost all 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.)

Media Productions...

As this company produces such a wide range of media, the following are some examples of it's enterprises:

• Cable News Network (CNN), a world wide news company as well as a cable news channel
• Home Box Office (HBO), Cinemax, Turner Classic Movies, cable movie channels
• TBS Superstation, Turner Network Television (TNT), Cartoon Network, cable channels
• The CW Television Network (co-owned with CBS Corporation)
• AOL and via its Web Properties Group:
• Advertising.com.
• CompuServe (Classic, 2000 and Basic), an Internet service provider
• Mirabilis, makers of the ICQ instant messaging program
• MapQuest, a WWW map and direction site
• Netscape, a web portal and browser vendor, owner of the Open Directory Project and formerly leader of the Mozilla project
• Nullsoft, a software development group best known for Winamp.
• Singingfish, an audio and video search engine used in Windows Media Player & Winamp.
• Weblogs, Inc., A network of weblogs including Engadget, TVSquad, Cinematical, AutoBlog and Joystiq.
• Time Warner Cable, a cable television company
• TIME, a weekly news magazine
• People, a weekly celebrity magazine
• Sports Illustrated, a sports magazine
• MAD magazine, a humor magazine
• Fortune, Money Magazine, business and investing magazines
• Warner Bros., a movie studio
• New Line Cinema, a movie studio
• Castle Rock Entertainment, a production company
• Atlanta Braves, a Major League Baseball team
• DC Comics, a comic book company
• Turner Entertainment, production company largely responsible for the distribution of the classic MGM, RKO, and Warner Bros. film libraries
• Turner Broadcasting System, responsible for managing several cable networks including CNN and Cartoon Network, as well as Turner Entertainment
• SportsNet New York, a regional sports network in New York City, jointly owned with Comcast and The New York Mets.