Time Warner Inc. is the combination of three companies: Warner Communications, Inc., Time Inc. and Turner Broadcasting System, Inc.
In 1923 Time magazine deputed as the first weekly news magazine in the United States.
In 1927 Warner Bros. released the first feature-length talking picture, “The Jazz Singer.” Warner Communications was formed in 1972 as the holding company of Warner Bros. Pictures and Warner Music Group.
In 1976 Turner Broadcasting System, Inc. pioneered the basic cable business model.
Time, Inc. and Warner Communications, Inc. merged in 1989 in a $14.9 billion cash and stock deal.
Time Warner acquired Turner Broadcasting, Inc in 1996.
In 2000 AOL and Time Warner merged to become AOL Time Warner. The merger proved to be a disaster and after almost a decade of suffering losses in stock price and profits, AOL was spun-off in 2009.
Today Time Warner has major operations in film, television, and publishing. The company has numerous subsidiaries, including New Line Cinema, Time Inc., HBO, Turner Broadcasting System, The CW Television Network, TheWB.com, Warner Bros., Kid’s WB, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros., Cartoon Network Studios, Hanna-Barbera, and Castle Rock Entertainment.
The company announced in 2013 that they would divest Time, Inc. Time went public in June of 2014.
In addition to their communications and cable company, Time Warner also owns a great deal of real estate, including several buildings within Rockefeller Center, an office tower next to their main office, which is the headquarters of CNN, along with a twin tower complex on the edge of central park, which the company uses for additional office space.
Time Warner has 34,000 employees worldwide and had $28.11 billion in revenue in 2015.
In May of 2016, Charter Cable acquired both Bright House and Time Warner Cable in a $65 billion mega deal. Charter Cable says that over the next few years, it will slowly remove the Time Warner and Bright House names in place of their own logo.