WarnerMedia (until 2018 - Time Warner Inc. ) is one of the world's largest conglomerates of news and entertainment. Time Warner formed by merging Warner Communications Inc. and Time Inc. in 1990 and subsequent merger with Internet giant AOL Inc. in 2001. , and in 2009, AOL became independent again after the separation of Time Warner from the media holding. The AOL branch was officially completed on December 9th . On October 22, 2016, AT&T announced its intention to acquire Time Warner for $ 108.7 billion (taking into account the debt of Time Warner). [3] [4] The merger transaction was completed on June 21, 2018 .
| Warnermedia | |
|---|---|
 | |
| Type of | Public company |
| Exchange listing | |
| Base | January 10, 1990 |
| Founders | |
| Location | New York , NY (registered in Wilmington, Delaware ) [1] |
| Key figures | Jeffrey Bucks, President, Chief Executive Officer and COO Richard Parsons, Chairman of the Board Wayne Pace, CFO |
| Industry | Tv broadcast Publishing the Internet Telecommunications |
| Equity | ▲ $ 28.37 billion (2017) [2] |
| Turnover | ▲ $ 31.3 billion (2017) [2] |
| Operating profit | ▲ $ 7.965 billion (2017) [2] |
| Net profit | ▲ $ 6.201 billion (2017) [2] |
| Assets | ▲ $ 69.209 billion (2017) [2] |
| Capitalization | ▲ $ 74.53 billion (2017) |
| Number of employees | 87 thousand (2005) |
| Parent company | AT&T |
| Affiliated companies | , , , , , and |
| Site | warnermediagroup.com |
It is the largest in such areas as cinema, television, the Internet, telecommunications. Among the main companies included in Time Warner are: Time Inc. , Warner Bros. Entertainment , Time Warner Cable , CNN , HBO , TBS , Turner Broadcasting System and The CW Television Network .
After the purchase by the American telecommunications company AT&T for $ 85 billion, during the rebranding since 2018, the name was changed to WarnerMedia [5] [6] .
Former Names
- Time Inc. (1923-1990)
- Warner bros Pictures Inc. (1923-1967)
- Seven Arts Productions Inc. (1957-1967)
- Kinney National Company (1966-1972)
- Warner Bros.-Seven Arts (1967-1970)
- Warner Communications (1972-1990)
- Time Warner Entertainment (1992-2001)
- AOL Time Warner Inc. (2001-2003)
- Time Warner (1990-1992, 2003-2018)
- WarnerMedia (2018 — present)
Notes
- ↑ Time Warner: By-Laws Archived February 8, 2007.
- ↑ 1 2 3 4 5 Time Warner Inc 2015 Annual Report Form (10-K) . EDGAR . United States Securities and Exchange Commission (February 27, 2016). Date of treatment December 21, 2015.
- ↑ Hagey, Keach AT&T Is in Advanced Talks to Acquire Time Warner . The Wall Street Journal (October 21, 2016). Date of appeal October 21, 2016.
- ↑ Littleton, Cynthia AT&T Sets $ 85.4 Billion Time Warner Deal, CEOs Talks 'Unique' Potential of Combination . Variety (October 22, 2016). Date of treatment October 23, 2016.
- ↑ TimeWarmer media conglomerate will change its name to WarnerMedia after merging with AT&T (Russian) , Telesputnik Publishing House (June 18, 2018). Date of treatment June 18, 2018.
- ↑ Time Warner after the deal with AT&T will change its name (Russian) , Interfax.ru (June 18, 2018). Date of treatment June 18, 2018.