WarnerMedia

Warner Media, LLC. (known by the trade name WarnerMedia) or (formerly known as Time Warner) was an American multinational media and entertainment conglomerate, owned by AT&T and headquartered in New York City. The company had operations in motion pictures, television and cable, and consisted of much of the assets of its predecessor Warner Communications, HBO and Turner Broadcasting System. Its assets included WarnerMedia Studios & Networks (consisting of the entertainment assets of Warner Bros. Turner Broadcasting System and HBO), WarnerMedia News & Sports (consisting of the news and sports services of the former Turner Broadcasting System, which includes CNN and Turner Sports, as well as AT&T SportsNet), WarnerMedia Sales & Distribution (which oversaw WarnerMedia's advertising, distribution, home entertainment and content licensing sales in the US, as well as analytics companies Xandr and Otter Media), WarnerMedia Direct (which oversaw WarnerMedia's video-on-demand service, HBO Max) and WarnerMedia International (which oversaw certain international variations of the company's national television channels, with some region-specific channels. This group was also responsible for the local execution of all linear businesses, commercial activities, and programming WarnerMedia regional for HBO Max).

Originally formed in 1972 by Steve Ross as Warner Communications, when Kinney National Company spun off its entertainment assets. In 1990, Warner Communications merged with Time Inc., the publisher of Time magazine, changing its name to Time Warner, from 1990 to 2001 and since 2003. until 2018. In 1996, it acquired Turner Broadcasting System, companies that decided to merge to currently own the largest number of operations in film, television and publications worldwide.^{[citation required]}

The company also used to have interests in various markets, including telecommunications, music, and publishing, through Time Inc., Time Warner Cable, America On Line, TW Telecom, AOL Time Warner Book Group, and Warner Music Group.; these assets were sold and spun off into separate companies. In 2014, despite having separated Time Inc. from the company and selling it to Meredith Corporation in 2018, it kept the Time Warner name.

On October 22, 2017, the telephone company AT&T announces its agreement to acquire Time Warner for a total of $85 billion. On June 14, 2018, AT&T finalized the purchase of TimeWarner, in addition to made the name change to WarnerMedia effective and becoming a subsidiary of AT&T.

In May 2021, AT&T and Discovery Inc. agreed to merge the companies to create a new media conglomerate, called Warner Bros. Discovery, which began operations on April 8, 2022.

WarnerMedia was considered one of the largest media conglomerates, along with Sony, Paramount Global, The Walt Disney Company and Comcast. The company was ranked 98th in the 2018 Fortune 500 list of the largest conglomerates in the United States by total revenue.

History

Background (1926-1989)

Time magazine made its debut in 1923 as the first weekly news magazine in the United States. Four years later, in 1927, Warner Bros. published the world's first feature-length sound film, The Jazz Singer.

In 1972, Kinney National Company spun off its entertainment assets due to a financial scandal over its parking operations and changed its name to Warner Communications Inc. It was the holding company for Warner Bros. Pictures and Warner Music Group during the 1970s and 1980. He also owned DC Comics and MAD, as well as a controlling interest in Garden State National Bank (an investment ultimately required to sell pursuant to requirements under the Bank Holding Company Act).

In 1975, Warner expanded under CEO Steve Ross and formed a joint venture with American Express, called Warner-Amex Satellite Entertainment, which carried cable channels such as MTV (launched in 1981), Nickelodeon (launched in 1979) and The Movie Channel. Warner Bros. bought half of American Express in 1984, selling the company a year later to Viacom, which renamed it MTV Networks. This same year Home Box Office became the first television network to broadcast in the country via satellite, debuting with the Muhammad Ali and Joe Frazier boxing match "Thrilla in Manila".

In 1976, WTCG owned by Ted Turner's Turner Broadcasting created the concept of the "Superstation," which broadcast via satellite to cable systems nationwide, pioneering the basic cable model. WTCG was renamed WTBS in 1979.

In 1980, Turner launched CNN, the first 24-hour continuous news network, redefining the way the world received breaking news over the years.

The merger of Time Inc. and Warner Communications was announced on March 4, 1989. During the summer of that same year, Paramount Communications (formerly known as Gulf+Western) launched a hostile offer of $12.2 million for acquire Time, Inc., in an attempt to end a stock swap merger agreement between Time and Warner Communications. This caused Time to raise its offer for Warner to $14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time/Warner merger.

The court ruled twice in favor of Time, forcing Paramount to drop both the Time acquisition and the lawsuit, allowing the formation of the merger of the two companies that was completed on January 10, 1990. However, rather than the companies disappearing, the impact of the merger and its resulting financial shock wave spawned a new corporate structure, resulting in the new company being called "Time Warner".

Time Warner (1990-2018) and WarnerMedia (2018-2022)

1990s

US West partnered with Time Warner in 1993 to form what is now TW Telecom, initially known as Time Warner Communications (also used as the brand name for the cable division formerly called ATC), with in order to bring the phone over the fiber to the masses. US West also took a 26% stake in the entertainment portion of the company, calling that division Time Warner Entertainment (or legally Time Warner Entertainment Company L.P.). US West's share eventually passes to the cable company they acquired MediaOne, then to AT&T Broadband in 1999 when the company acquired MediaOne, and finally to Comcast in 2001 when that company bought the broadband division of AT&T. Comcast sold its interest in the company in 2003, relegating the name to a subdivision under Time Warner Cable.

Time Warner subsequently acquired Turner Broadcasting System from Ted Turner on October 10, 1996. Not only did this result in the company (at one point) cause the company to re-enter the basic cable television industry (when it comes to channels available nationally), but Warner Bros. also obtained the rights to its 'previous' film library; pre-1950s, which had by then been owned by Turner (the films are still technically in Turner's hands, but WB is responsible for sales and distribution), while Turner gained access to the 'post' library of the 1950s films. post-1950s Warner Bros. company and other properties. The company also became a subsidiary of Time Warner since the acquisition.

Time Warner purchased the Six Flags park chain in 1993. The company later sold all Six Flags parks and properties to Oklahoma-based Premier Parks on April 1, 1998.

Dick Parsons, who had been a director on the board since 1991, was hired as Time Warner's president in 1995, though the division's chief operating officers continued to report directly to President and CEO Gerald Levin.

In 1991, HBO and Cinemax became the first premium pay services to offer multiplexing for cable customers, with supplemental channels filling in from the major networks.

In 1993 HBO became the world's first digitally broadcast television service. In 1995 CNN introduced CNN.com which later became a leading destination for global digital news, both online and mobile.

In 1996, Warner Bros. spearheaded the introduction of DVD, which quickly replaced VHS tapes as the standard for home video. In 1999, HBO became the first national cable television network to broadcast a version high definition of his channel.

In the same year, Time Warner merged with the Turner Broadcasting System.

2000s

View of Time Warner Center at night.

In 2000, AOL purchased Time Warner for US$164 billion. The deal, announced on January 10, 2000 and officially filed on February 11, 2000, employs a merger structure in which each original company merged into a newly created entity. The Federal Trade Commission approved the agreement on December 14, 2000, and gave its final approval on January 11, 2001; the company completed the merger later that day. The deal was approved the same day by the Federal Communications Commission, and had already been approved by the European Commission on October 11, 2000.

Due to AOL's larger market capitalization, its shareholders would own 55% of the new company, while Time Warner shareholders owned only 45%, so in AOL's actual practice, Time Warner had been acquired, even though Time Warner had far more assets and revenue. This deal caused some people to disagree, calling the 2001 AOL merger "the biggest mistake in corporate history," Time Warner chief Jeff Bewkes said.

AOL Time Warner, Inc., as the company was then called, was to be a merger of equals with top executives from both parties. Gerald Levin, who had served as CEO of Time Warner, was CEO of the new company. Steve Case served as Executive Chairman of the Board of Directors, Robert W. Pittman (President and COO of AOL) and Dick Parsons (President of Time Warner) served as co-CEOs of Operations, and J. Michael Kelly (CFO of AOL) held the same position as financial director.

According to AOL president and COO Bob Pittman, the slow transit time through Warner would now be takeoff at Internet speed, sped up by AOL. When the AOL Time Warner deal was announced, the vision for its future seemed clear and straightforward; by exploring AOL, Time Warner could reach deep into the homes of tens of millions of new customers. AOL could use Time Warner's high-speed cable lines to offer its Time Warner subscribers brand-name magazines, books, music, and movies. This would have created 130 million subscription relationships.

Unfortunately, the growth and profitability of the AOL division stalled due to the slowdown in advertising and subscribers in part caused by the bursting of the Internet bubble and the economic recession after September 2001. The value of the division of America Online dropped significantly, not unlike the market valuation of similar independent Internet companies that fell sharply, and forced goodwill into profit and loss, causing AOL Time Warner to report a $99 billion loss in 2002 (at the time, the largest loss ever reported by a company. The total value of AOL stock subsequently went from $226 million to around $20 billion).

In a fit, Vice President Ted Turner in a board meeting asked Steve Case to contact each of the directors and push Gerald Levin as CEO. Although the attempted hit matter was dismissed by Parsons and other directors, Levin grew frustrated trying to "get the groove back" in the film. from the combined company and announced his resignation in the fall of 2001, though he took effect in May 2002. Bob Pittman's co-COO was Levin's biggest supporter and was widely seen as heir apparent, but Dick Parsons was instead elected as CEO. Time Warner removed J. Michael Kelly, who was demoted to director of operations for AOL's division, as CFO, and replaced him as CFO Wayne Pace. AOL President and CEO Barry Schuler was removed from his position and put in charge of a new "content creation division," being replaced on an interim basis by Pittman, who was already serving as the sole COO after Parsons' promotion.

Many expected synergies between AOL and other Time Warner divisions never materialized, as most Time Warner divisions were considered independent fiefdoms that rarely cooperated prior to the merger. A new incentive program began awarding options based on AOL Time Warner's performance, replacing cash bonuses for their own division's results, causing resentment among Time Warner division bosses, who blamed from the division to AOL for falling short of expectations and dragging down the combined business. Pittman, who had hoped to have the divisions work closely toward convergence, instead met strong resistance from many division executives, who also criticized Pittman for sticking to optimistic growth targets for AOL Time Warner, which were never met. Some of the attacks on Pittman were reported to have come from the "Time, Inc." division under Don Logan. Furthermore, Parsons' democratic CEO style prevented Pittman from exercising authority over the "old guard" of division heads who resisted Pittman's synergy initiatives.

Pittman announced his resignation as COO of AOL Time Warner after July 4, 2002, being (reportedly) "burned" by AOL's special assignment and nearly hospitalized, unhappy with criticism from Time executives Warner, and seeing nothing to move up the company as Parsons was firmly entrenched as CEO. Pittman's departure was seen as a major victory for Time Warner executives who wanted to undo the merger. In a sign of diminishing AOL's importance to the media conglomerate, Pittman's responsibilities were split between two Time Warner veterans; who was CEO of Home Box Office, Jeffrey Bewkes, and Don Logan, who had been CEO of Time. Logan became president of the start-up media and communications group, overseeing America Online, Time, Time Warner Cable, the Time Warner Book Group AOL and the interactive video unit, relegating AOL to just another division in the conglomerate. Bewkes became president of the entertainment and network group, which comprises HBO, New Line Cinema, The WB, Turner Networks, Warner Bros. and Warner Music. Both Logan and Bewkes, who had initially opposed the merger, were chosen because they were considered the most successful operating executives in the conglomerate and would report to AOL Time Warner CEO Richard Parsons. Logan, generally admired at Time Warner and denigrated by AOL for being a corporate time server who emphasized ever-increasing growth and not much risk taking, moved to purge several of "Pittman's armored men".

Entrance to the Time Warner Cable building.

AOL Time Warner Chairman Steve Case took on added prominence as the co-front of a new board strategy committee, making speeches to divisions on synergy and the promise of the Internet. However, under pressure from vice president institutional investor Gordon Crawford, who sided with the dissenters, Case announced in January 2003 that he would not run for re-election as chief executive at the next annual meeting, so CEO Richard Parsons, the president-elect.

That year, the company dropped the "AOL" of his name, naming himself simply Time Warner, and spun off ownership of Time-Life under the legal name of Direct Holdings Americas, Inc. Case resigned from the Time Warner board on October 31, 2005.

In 2005, Time Warner was among 53 entities that contributed up to $250,000 to the second inauguration of President George W. Bush. On December 27, 2007, Time Warner with the newly installed CEO Jeff Bewkes discusses possible plans to spin off Time Warner Cable and sell AOL and Time Inc. This would leave a small company consisting of Turner Broadcasting, Warner Bros. and HBO.

On December 15, 2006, Warner Bros. Entertainment Inc. announced an investment in SCI Entertainment Group plc, the parent company of publishing label Eidos Interactive Ltd, representing 10.3 percent of the increased share capital of the company In addition, Warner Bros. Home Entertainment Group and SCI have entered into an agreement for the licensing and distribution of games based on select Warner Bros. Entertainment features. The investment, license and distribution agreements are awaiting approval by SCi's shareholders.

On October 5, 2007, Turner Broadcasting System, Inc. completed the acquisition of several Latin American television networks from Claxson Interactive Group. On November 8, 2007, Warner Bros. Home Entertainment Group announced that has signed an agreement to acquire TT Games, which encompasses the game developers of Traveler's Tales and TT Games Publishing.

On February 28, 2008, New Line Cinema Co-Chairman and Co-CEO Bob Shaye and Michael Lynne announced their resignation from the 40-plus-year-old film studio, in response to a request from Jeffrey Bewkes about curtailment measures. of costs at the studio, which he intended to dissolve into Warner Bros.

On May 21, 2008, Time Warner and Time Warner Cable Inc. agree to separate. It is the second largest cable company in the US behind only Comcast. On February 19, 2009, Time Warner and Time Warner Cable completed the separation of the two companies through a spin-off.

On February 4, 2009, Warner Bros. Home Entertainment Group announced the acquisition of Snowblind Studios, a game development studio. On March 17, 2009, Time Warner Inc. announced the legal and structural separation of Time Warner Cable Inc. (NYSE: TWC) from Time Warner through a tax-exempt spin-off that had gone into effect on March 12, 2009.

On May 28, 2009, Time Warner announced that it was spinning off AOL as a separate, independent company, effective December 9, 2009.

2010s

In the first quarter of 2010, Home Box Office purchased additional interests in HBO LAG for $217 million, resulting in Home Box Office owning 80% of HBO LAG's stake. In 2010, Home Box Office bought out the remainder of its partners' interests in HBO Europe (formerly HBO Europe Central) for $136 million, net of cash acquired.

In 2010, Turner Sports, Inc. and the National Collegiate Athletic Association jointly announced the formation of NCAA Digital, a 14-year agreement in which Turner manages and operates the NCAA's digital range and strengthens coverage of the 88 NCAA championships.

On April 20, 2010, Warner Bros. Home Entertainment Group announced the acquisition of Turbine, a North American video game developer studio. In August 2010, Time Warner agreed to acquire Shed Media, a television production company, for £100m. On October 14, 2010, Warner Bros. Television Group announced that it had completed the acquisition of a majority stake. Shed Media remains an independent production company, but distribution operations, Outright Distribution, will be folded into Warner Bros. International Television Production.

On August 25, 2010, Time Warner's Latin American division, Turner Broadcasting System Latin America, purchased a nationwide Chilean terrestrial television station, Chilevisión, from Chilean President-elect Sebastián Piñera. Time Warner already operated in the country with CNN Chile.

In May 2011, Warner Bros. Home Entertainment Group announced an agreement to acquire Flixster, a movie discovery application company. The acquisition also includes Rotten Tomatoes, a site for movie reviews and critiques. On September 8, 2011, Turner Broadcasting System Europe, a unit of Turner Broadcasting System, acquired LazyTown Entertainment.

In 2012, Turner acquired WBTVG Alloy Entertainment, a producer of content, primarily books, aimed at adolescent girls and young women. In August 2012, Turner acquired Bleacher Report, (B/R), a news organization sports.

In October 2012, Warner Bros. Home Entertainment and Paramount Home Media Distribution reached an agreement that will give Warner Bros. rights to Blu-ray and DVD distribution of various titles from Paramount in the United States and Canada.

On March 6, 2013, Time Warner announced the sale of Time Inc. as an independent, publicly traded company. On June 6, 2014, the transaction was completed and Time Inc. became a public company. Time Warner continued to operate under its current name.

In June 2014, 21st Century Fox made an offer to Time Warner for the equity stake and cash ($80 billion total), which Time Warner's board of directors rejected in July. The problem would be the CNN unit, which Warner would have had to sell to alleviate antitrust issues in the purchase. On August 5, 2014, 21st Century Fox withdrew its offer to buy Time Warner.

In January 2014, Time Warner, related companies, and Oxford Properties Group announced that Time Warner intends to relocate the company's corporate headquarters and its New York City-based employees to the Hudson Yards neighborhood in Chelsea, Manhattan, and has therefore made an initial financial commitment. Time Warner sold its stake in the Columbus Circle building for $1.3 billion and two of the related investment funds. The move would be completed in 2018.

AT&T Acquisition

On October 20, 2016, it was reported that AT&T was in talks to acquire Time Warner. The proposed deal would give AT&T significant stakes in the media industry, as AT&T's direct competitor Comcast had previously acquired NBC Universal. This is done as a similar attempt to increase their media holdings, consistent with the ownership of TV and Internet providers.

On October 22, 2016, AT&T reached an agreement to purchase Time Warner for more than $80 billion. If approved by federal regulators, the merger would result in Time Warner properties in the same elements of AT&T telecommunications, including satellite provider DirecTV.

On June 14, 2018, AT&T completed its purchase of Time Warner, as well as unveiling its new name and logo, now known as WarnerMedia.

On March 4, 2019, AT&T announced a major WarnerMedia reorganization that effectively dissolves Turner, dispersing some of its holdings into two new divisions: WarnerMedia Entertainment (consisting of Turner's entertainment cable channels and HBO, but excluding TCM) and WarnerMedia News & Sports (CNN, Turner Sports and AT&T SportsNet's regional sports networks), and phasing out the Turner brand in connection with these networks.

On July 9, 2019, WarnerMedia announced its own video-on-demand service, called HBO Max, which will pull content from the original for HBO plus services, WarnerMedia Entertainment Networks (TNT, TBS, truTV), Adult Swim, Boomerang, CNN, Cartoon Network, The CW, Crunchyroll, DC Entertainment, Looney Tunes, New Line Cinema, Rooster Teeth, Turner Classic Movies, and Warner Bros.

In August 2020, the company underwent a significant restructuring laying off around 800 employees, including around 600 from Warner and more than 150 from HBO. At WarnerMedia's Atlanta base, the cable and marketing operations teams were hit particularly hard.^{[citation needed]}

AT&T spin-off and proposed merger with Discovery, Inc.

On May 16, 2021, it was reported that AT&T was in talks with Discovery, Inc. to merge with WarnerMedia, forming a publicly traded company to be divided among its shareholders. The proposed spin-off and merger was officially announced the following day, to be structured as a Reverse Morris Trust. AT&T shareholders received a 71% stake in the merged company, which is expected to be led by the current CEO of AT&T. Discovery, David Zaslav. Operations of the resulting company, Warner Bros. Discovery, began on April 8, 2022.

Divisions

• WarnerMedia Studios & Networks: This division is responsible for the film, television and animation studio of Warner Bros, which in turn also contains subsidiaries Warner Bros Entertainment, Warner Bros. Interactive Entertainment, the DC Entertainment comics company, the Warner Bros home entertainment division. Home Entertainment and Studio Distribution Services, a joint venture with Universal Pictures Home Entertainment, the New Line Cinema producer, and together with Paramount Global, through Warner Bros. Entertainment, has a 50% stake in the television network The CW. It also operates several chains and entertainment cable brands of the previous Turner Broadcasting System that include TNT, TBS, TruTV, Cartoon Network, Adult Swim, Boomerang and TCM. Other assets include HBO and Cinemax. Bob Greenblatt leads the division as president.
  • Home Box Office, Inc.: HBO programming includes the broadcast of feature films, HBO documentaries, HBO original films, HBO Sports, and original HBO programming, including original series such as Game of Thrones and Los Soprano. The network has developed content distribution platforms such as HBO GO and Max GO to help support and deliver programming to users through mobile and online devices.
  • Turner Broadcasting System, Inc.: Turner operated international channels of news, entertainment, animation, sports and media, as well as its related businesses. Turner brands include CNN, HLN, TNT, TBS, Cartoon Network, Turner Classic Movies, truTV, and much more. The brands of Turner and sub-brands reach a wide national and international audience. On March 4, 2019, AT strangerT announced an important reorganization of WarnerMedia that effectively dissolves Turner, by dispersing some of its properties in two new divisions: WarnerMedia Entertainment (which consists of Turner and HBO entertainment cable channels, but excluding TCM) and WarnerMedia News " Sports (CNN, Turner Sports and ATT SportsNet regional sports networks), and gradually eliminates Turner in the relationship.
  • Warner Bros.: is a producer of film and television content for the production of home entertainment and the distribution of video, digital distribution, animation, comics, licensing and broadcasting. Every year, Warner Bros. Pictures produces between 18 and 22 films. Warner Bros. has produced more than 50 television series in the 2012-2013 season. Warner Bros. has also incorporated DC Comics content into Warner Bros. Entertainment through the creation of the DC Entertainment division, which was founded in 2009.
• WarnerMedia News & Sports: This division is responsible for the control of the news and sports television channels of the company of the previous Turner Broadcasting System, which include CNN Worldwide (CNN, CNN.com, CNN International, CNN in Spanish, CNN Chile, HLN) together with most sports units, ATT Regional Sports Networks, Bleacher Report, Turner Sports and TNT Sports. The president and CEO of the division is Jeffrey Zucker.
• WarnerMedia Sales & Distribution: is the division that oversees sales of advertising, distribution, home entertainment and content licenses of WarnerMedia in the USA. U.S. The division also contains the digital media company Otter Media and the advertising and analysis company Xandr.
  • Otter Media: Otter Media Holdings, LLC is an American digital media company, owned by WarnerMedia Commercial, which belongs to the WarnerMedia division of AT fakeT. It has in its affiliates Crunchyroll, VRV, Fullscreen, Rooster Teeth and Ellation Studies, in addition to having participations in the ownership of the controls in Hello Sunshine and Gunpowder & Sky.
• WarnerMedia Direct: is responsible for the product, marketing, consumer participation and the global launch of the direct transmission service to the consumer of the company HBO Max.
• WarnerMedia International: is the division that oversees certain international variations of the company's national television channels, with some specific channels of the region. This group is also responsible for the local execution of all linear businesses, commercial activities and regional programming of WarnerMedia for HBO Max.

Assets

Aerial and subscription television

• CNN, the first news channel in the world, its transmission covers the United States and Canada
• HLN, news channel, which also covers the United States and Canada
• CNN International, global coverage international news network.
• CNN in Spanish, sister chain for the Hispanic public of the United States and Latin America.
• CNN Brazil, Brazilian news channel.
• CNN Chile, Chilean news channel.
• CNN+, Spanish version of CNN, where it obtained 49% of the shares. It ceased its transmissions in 2010.
• TNT Sports, a sports channel in four Latin American countries.
• The Latin American signs of HBO, Cinemax, TCM, TBS, TNT, Warner, Cartoon Network, Tooncast, Boomerang, HTV, and the Latin channels produced in Argentina acquired from the Cisneros Group in 2007 I.Sat, Space, TNT Series (formerly Infinite) and TruTV (formerly Canal Retro).
• The CW, a network of television channels broadcast across the United States (50% along with ViacomCBS).
• Turner Broadcasting System, responsible for managing several group cable chains.

Other

• HBO Latin America

Boing

• Boing (Italy), an Italian children's channel created by Turner Broadcasting System and Mediaset
• Boing (France), French children's channel created by Turner Broadcasting System
• Boing (Spain), terrestrial television channel created by Turner Broadcasting System with Mediaset Spain

Spokes

• CNN Radio
• CNN Radio en Español
• CNN Radio Argentina

Magazines

• DC Comics, editorial group on comic book magazines.

Film Production

• Warner Bros and New Line Cinema, film studios.
• Castle Rock Entertainment, a film producer.
• DC Entertainment Inc., in charge of productions, both comics and films and series (DC Films) about DC Comics.
• Turner Entertainment, possessing the rights of film studios such as MGM, RKO and Warner Bros.

Others

• HBO Group, responsible for managing several group cable chains, regardless of Turner Broadcasting System.

Previous properties

• Time, weekly magazine.
• MAD Magazine, humor magazine.
• People, magazine dedicated to the world of celebrities and popular culture.
• Sports Illustrated, sports magazine.
• Fortune, Money Magazine, magazines dedicated to the world of money and finance.
• IPC Media, British publishing house for commercial and digital magazines.
• Crunchyroll, distributor and streaming platform focused on anime.
• Chilevisión, Chilean open television channel.
• Time Warner Cable.
• Warner Music Group.
• Rhino Entertainment.

Commercial properties

Time Warner owns several large properties in New York City; certain buildings are in the Rockefeller Center as a complex and adjacent office towers to house its main offices; one of which houses a CNN news studio.

In late 2003, Time Warner completed construction on a new two-tower complex, designed to serve as additional office space, facing Columbus Circle at the southwest end of Central Park. Originally named the AOL Time Warner Center, it is a 755-foot (230 m) tall, 55-story mixed-use property. It was renamed Time Warner Center when the company itself rebranded.

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  Time Warner Center towers.

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  Entrance to Time Warner Center facilities.

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  Columbus Circle, seen from the Time Warner Center shopping mall.

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  CNN studies in New York.

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  WarnerMedia Chile Building, which houses the studies of Chilevisión, TNT Sports Chile and CNN Chile.

Key people

• Jeff Bewkes is the Chairman and CEO of the company.

And five executive vice presidents, most with additional titles, functional:

• Paul T. Cappuccio, General Advisor.
• Gary L. Ginsberg, Director of Corporate Marketing and Communications.
• Howard M. Averill, Chief of Finance.
• Carol A. Melton, Global Director of Public Policy.
• Ólafsson, International Director and Corporate Strategy.

Division CEOs

• Richard Plepler, Chairman and CEO of Home Box Office (HBO).
• John Martin, Chairman and CEO of Turner Broadcasting System.
• Kevin Tsujihara, Chairman and CEO of Warner Bros. Entertainment Inc.