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Time Warner

Time Warner Inc. is the world's largest media company with major Internet, publishing, film, music, telecommunications and television divisions. The company is headquartered in New York City.

A controversial 2000 merger of Time Warner and America Online faced opposition in part due to concerns over monopoly issues (vertical integration). The collapse of the late 1990s tech industry economic bubble has greatly reduced the company's combined worth, and in 2002, the AOL component was considered to be the weakest part of the company. On September 17, 2003, AOL Time Warner announced that it would change its name to Time Warner, and its ticker symbol from AOL back to the original TWX used by Time Warner prior to the merger.

The following enterprises are part of Time Warner:

Time Warner also owns several other television channels and magazines, including CNN Headline News and Entertainment Weekly, as well as Time Life books and music. See external links below for a complete list.

The Atlanta Hawks, Atlanta Thrashers, and operating rights to Philips Arena were sold in mid-2003.

See also: List of assets owned by Time Warner, Ted Turner, Steve Case.

Financial information

Time Warner is traded on the New York Stock Exchange under the stock symbol TWX. Its market capitalization is US $49 billion and as of mid-February 2003 it was traded at about US $11.07. When the AOL-Time Warner merger was announced in January 2000, the combined market capitalization was US $280 billion.

At the end of 2002, Time Warner announced that it had a yearly financial loss nearly US $100 billion dollars.

External links